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

Several analysts recently commented on the company. Zacks Investment Research raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. ValuEngine downgraded Houston Wire & Cable from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, TheStreet downgraded Houston Wire & Cable from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th.

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Shares of Houston Wire & Cable (HWCC) opened at 5.25 on Friday. The firm’s market cap is $86.56 million. The stock has a 50 day moving average price of $5.24 and a 200 day moving average price of $5.93. Houston Wire & Cable has a 12 month low of $4.70 and a 12 month high of $8.05.

In other Houston Wire & Cable news, Director Roy W. Haley acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average price of $4.87 per share, with a total value of $48,700.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $48,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in Houston Wire & Cable by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 18,872 shares of the industrial products company’s stock worth $127,000 after buying an additional 1,872 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in Houston Wire & Cable during the 2nd quarter worth $218,000. UBS Group AG raised its stake in Houston Wire & Cable by 26.9% during the 1st quarter. UBS Group AG now owns 34,896 shares of the industrial products company’s stock worth $235,000 after buying an additional 7,398 shares during the period. Northern Trust Corp raised its stake in Houston Wire & Cable by 2.4% during the 2nd quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock worth $260,000 after buying an additional 1,172 shares during the period. Finally, Isthmus Partners LLC raised its stake in Houston Wire & Cable by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 84,023 shares of the industrial products company’s stock worth $437,000 after buying an additional 497 shares during the period. 68.57% of the stock is currently owned by institutional investors and hedge funds.

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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