Raymond James & Associates Boosts Position in Houston Wire & Cable (HWCC)

Raymond James & Associates lifted its holdings in shares of Houston Wire & Cable (NASDAQ:HWCC) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 246,302 shares of the industrial products company’s stock after purchasing an additional 12,400 shares during the period. Raymond James & Associates owned 1.49% of Houston Wire & Cable worth $1,246,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Malaga Cove Capital LLC bought a new position in shares of Houston Wire & Cable during the 4th quarter worth approximately $50,000. Bridgeway Capital Management Inc. lifted its holdings in Houston Wire & Cable by 17.0% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 114,739 shares of the industrial products company’s stock worth $883,000 after purchasing an additional 16,700 shares during the last quarter. BlackRock Inc. lifted its holdings in Houston Wire & Cable by 3.6% during the 4th quarter. BlackRock Inc. now owns 486,451 shares of the industrial products company’s stock worth $2,462,000 after purchasing an additional 16,833 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Houston Wire & Cable by 17.7% during the 3rd quarter. Franklin Resources Inc. now owns 369,594 shares of the industrial products company’s stock worth $2,846,000 after purchasing an additional 55,594 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in Houston Wire & Cable by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 580,466 shares of the industrial products company’s stock worth $4,469,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 63.12% of the company’s stock.

NASDAQ HWCC traded down $0.07 during midday trading on Friday, hitting $6.02. The company had a trading volume of 17,541 shares, compared to its average volume of 20,717. The stock has a market capitalization of $100.01 million, a PE ratio of 11.36 and a beta of 1.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 5.14 and a quick ratio of 2.05. Houston Wire & Cable has a twelve month low of $4.76 and a twelve month high of $9.32.

Houston Wire & Cable (NASDAQ:HWCC) last posted its quarterly earnings results on Thursday, March 14th. The industrial products company reported $0.10 EPS for the quarter. Houston Wire & Cable had a return on equity of 8.94% and a net margin of 2.42%. The company had revenue of $87.91 million during the quarter.

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About Houston Wire & Cable

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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