Houston Wire & Cable Company (NASDAQ:HWCC) Director William H. Sheffield acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $4.80 per share, with a total value of $48,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $96,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Houston Wire & Cable Company (HWCC) traded up 2.04% during midday trading on Friday, reaching $5.00. 71,425 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $5.61 and a 200 day moving average price of $6.22. Houston Wire & Cable Company has a 12-month low of $4.75 and a 12-month high of $8.05. The company’s market cap is $82.44 million.
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A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Houston Wire & Cable from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of Houston Wire & Cable from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, TheStreet cut shares of Houston Wire & Cable from a “c-” rating to a “d+” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Houston Wire & Cable currently has a consensus rating of “Hold” and an average price target of $7.50.
Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Houston Wire & Cable by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 18,872 shares of the industrial products company’s stock valued at $127,000 after buying an additional 1,872 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new position in shares of Houston Wire & Cable during the second quarter valued at approximately $218,000. UBS Group AG raised its position in shares of Houston Wire & Cable by 26.9% in the first quarter. UBS Group AG now owns 34,896 shares of the industrial products company’s stock valued at $235,000 after buying an additional 7,398 shares in the last quarter. Northern Trust Corp raised its position in shares of Houston Wire & Cable by 2.4% in the second quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock valued at $260,000 after buying an additional 1,172 shares in the last quarter. Finally, Isthmus Partners LLC raised its position in shares of Houston Wire & Cable by 0.6% in the second quarter. Isthmus Partners LLC now owns 84,023 shares of the industrial products company’s stock valued at $437,000 after buying an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 69.22% of the company’s stock.
About Houston Wire & Cable
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.
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