Tower Research Capital LLC TRC Acquires 1,136 Shares of Barnes Group Inc. (NYSE:B)

Tower Research Capital LLC TRC raised its position in Barnes Group Inc. (NYSE:B) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,666 shares of the industrial products company’s stock after buying an additional 1,136 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Barnes Group were worth $504,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in Barnes Group by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 28,130 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 856 shares during the period. First Trust Advisors LP increased its holdings in Barnes Group by 10.8% in the 4th quarter. First Trust Advisors LP now owns 16,272 shares of the industrial products company’s stock valued at $769,000 after buying an additional 1,587 shares during the period. Marshall Wace LLP increased its holdings in Barnes Group by 638.5% in the 4th quarter. Marshall Wace LLP now owns 79,717 shares of the industrial products company’s stock valued at $3,767,000 after buying an additional 68,923 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Barnes Group by 327.2% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 258,235 shares of the industrial products company’s stock valued at $12,204,000 after buying an additional 197,785 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Barnes Group by 61.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 47,884 shares of the industrial products company’s stock valued at $2,263,000 after purchasing an additional 18,209 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Tuesday. The firm has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $47.48 and its 200 day moving average is $47.21. Barnes Group Inc. has a 1 year low of $33.76 and a 1 year high of $47.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Barnes Group in a report on Sunday. They set a “sell” rating on the stock.

Barnes Group Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.