Wolverine Asset Management LLC Makes New $1.73 Million Investment in Barnes Group Inc. (NYSE:B)

Wolverine Asset Management LLC acquired a new stake in Barnes Group Inc. (NYSE:B) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,550 shares of the industrial products company’s stock, valued at approximately $1,727,000. Wolverine Asset Management LLC owned 0.07% of Barnes Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC raised its holdings in Barnes Group by 2.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock valued at $26,455,000 after acquiring an additional 11,684 shares in the last quarter. Jane Street Group LLC increased its position in shares of Barnes Group by 22.9% during the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock valued at $6,220,000 after purchasing an additional 28,649 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Barnes Group by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock valued at $3,725,000 after purchasing an additional 12,156 shares in the last quarter. Barclays PLC boosted its stake in Barnes Group by 9.3% during the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock worth $5,353,000 after buying an additional 11,279 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Barnes Group during the third quarter worth $432,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Stock Performance

B stock opened at $47.48 on Friday. Barnes Group Inc. has a 1-year low of $32.00 and a 1-year high of $47.50. 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 business’s 50 day moving average is $47.35 and its 200-day moving average is $44.46. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32.

Analyst Upgrades and Downgrades

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

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.