Vanguard Group Inc grew its stake in shares of Houston Wire & Cable (NASDAQ:HWCC) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 580,466 shares of the industrial products company’s stock after purchasing an additional 4,200 shares during the quarter. Vanguard Group Inc’s holdings in Houston Wire & Cable were worth $4,469,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of HWCC. Walthausen & Co. LLC acquired a new position in shares of Houston Wire & Cable during the third quarter worth about $4,185,000. Franklin Resources Inc. lifted its stake in shares of Houston Wire & Cable by 17.7% in the third quarter. Franklin Resources Inc. now owns 369,594 shares of the industrial products company’s stock worth $2,846,000 after acquiring an additional 55,594 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Houston Wire & Cable by 36.8% in the second quarter. Renaissance Technologies LLC now owns 206,111 shares of the industrial products company’s stock worth $1,752,000 after acquiring an additional 55,424 shares in the last quarter. SG Capital Management LLC lifted its stake in shares of Houston Wire & Cable by 34.6% in the third quarter. SG Capital Management LLC now owns 177,019 shares of the industrial products company’s stock worth $1,363,000 after acquiring an additional 45,522 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Houston Wire & Cable by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,070,206 shares of the industrial products company’s stock worth $9,097,000 after acquiring an additional 39,158 shares in the last quarter. Institutional investors own 64.06% of the company’s stock.
Shares of NASDAQ:HWCC traded up $0.17 during trading on Wednesday, hitting $6.14. The company’s stock had a trading volume of 19,098 shares, compared to its average volume of 42,866. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.43 and a current ratio of 5.57. Houston Wire & Cable has a fifty-two week low of $4.76 and a fifty-two week high of $9.32. The stock has a market cap of $100.79 million, a price-to-earnings ratio of 11.16 and a beta of 1.67.
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Houston Wire & Cable Company Profile
Houston Wire & Cable Company, through its subsidiaries, sells electrical and mechanical wire and cable, industrial fasteners, hardware, and related services in the United States. It offers wire and cable products, including continuous and interlocked armor cables; control and power cables; electronic wires and cables; flexible and portable cords; instrumentation and thermocouple cables; lead and high temperature cables; medium voltage cables; and premise and category wires and cables, primary and secondary aluminum distribution cables, and steel wire ropes and wire rope slings, as well as synthetic fiber rope slings, chains, shackles, and other related hardware and corrosion resistant products.
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