Victory Capital Management Inc. Sells 6,133 Shares of Barnes Group Inc. (NYSE:B)

Victory Capital Management Inc. reduced its position in shares of Barnes Group Inc. (NYSE:B) by 40.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,152 shares of the industrial products company’s stock after selling 6,133 shares during the period. Victory Capital Management Inc.’s holdings in Barnes Group were worth $433,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Barnes Group by 117.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 336 shares during the period. KBC Group NV raised its position in Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 752 shares during the period. Centiva Capital LP bought a new stake in Barnes Group in the third quarter worth about $212,000. Modera Wealth Management LLC bought a new stake in Barnes Group in the fourth quarter worth about $220,000. Finally, Cable Hill Partners LLC purchased a new position in shares of Barnes Group in the fourth quarter worth about $223,000. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Barnes Group in a research note on Tuesday, March 18th. They issued a “sell” rating for the company.

Barnes Group Price Performance

B opened at $47.48 on Friday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $47.46 and a 200-day moving average price of $45.76. Barnes Group Inc. has a twelve month low of $32.65 and a twelve month high of $47.50.

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.