Chicago Capital Management LLC Purchases Shares of 49,553 Barnes Group Inc. (NYSE:B)

Chicago Capital Management LLC acquired a new position in Barnes Group Inc. (NYSE:B) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 49,553 shares of the industrial products company’s stock, valued at approximately $2,342,000. Barnes Group accounts for 1.4% of Chicago Capital Management LLC’s holdings, making the stock its 29th largest holding.

Other large investors have also bought and sold shares of the company. LPL Financial LLC lifted its position in Barnes Group by 5.4% during the 4th quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 285 shares during the period. Natixis Advisors LLC increased its stake in shares of Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 323 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 336 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Barnes Group by 3.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 348 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Barnes Group by 52.4% in the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after buying an additional 752 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Barnes Group Price Performance

NYSE B opened at $47.48 on Wednesday. Barnes Group Inc. has a one year low of $32.65 and a one year high of $47.50. The stock has a 50-day moving average of $47.46 and a 200 day moving average of $45.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Barnes Group in a report on Wednesday. They issued a “sell” rating on the stock.

About Barnes Group

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.