Houston Wire & Cable Company (NASDAQ:HWCC) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $8.00.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine downgraded shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, TheStreet downgraded shares of Houston Wire & Cable from a “c-” rating to a “d+” rating in a report on Tuesday, August 15th.

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Shares of Houston Wire & Cable (HWCC) opened at 5.45 on Monday. The firm’s market capitalization is $89.85 million. The stock has a 50 day moving average price of $5.52 and a 200 day moving average price of $6.14. Houston Wire & Cable has a 1-year low of $4.75 and a 1-year high of $8.05.

In related news, Director Roy W. Haley acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of $4.87 per share, for a total transaction of $48,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $48,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in Houston Wire & Cable by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 18,872 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 1,872 shares during the period. UBS Group AG increased its holdings in Houston Wire & Cable by 26.9% in the first quarter. UBS Group AG now owns 34,896 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 7,398 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in Houston Wire & Cable in the second quarter valued at $218,000. Northern Trust Corp increased its holdings in Houston Wire & Cable by 2.4% in the second quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 1,172 shares during the period. Finally, Isthmus Partners LLC increased its holdings in Houston Wire & Cable by 4.5% in the first quarter. Isthmus Partners LLC now owns 83,526 shares of the industrial products company’s stock valued at $564,000 after purchasing an additional 3,616 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.

Houston Wire & Cable Company Profile

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.

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