45,368 Shares in Barnes Group Inc. (NYSE:B) Acquired by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. bought a new stake in Barnes Group Inc. (NYSE:B) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,368 shares of the industrial products company’s stock, valued at approximately $2,144,000. Barnes Group accounts for approximately 0.5% of Mint Tower Capital Management B.V.’s holdings, making the stock its 28th biggest position. Mint Tower Capital Management B.V. owned about 0.09% of Barnes Group at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its stake in Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 323 shares during the last quarter. Quest Partners LLC purchased a new stake in Barnes Group in the 3rd quarter worth approximately $248,000. Intech Investment Management LLC boosted its holdings in Barnes Group by 153.8% in the third quarter. Intech Investment Management LLC now owns 16,964 shares of the industrial products company’s stock valued at $686,000 after acquiring an additional 10,279 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Barnes Group by 4.1% during the 3rd quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock worth $18,144,000 after acquiring an additional 17,643 shares during the period. Finally, Loomis Sayles & Co. L P lifted its position in Barnes Group by 12.5% during the third quarter. Loomis Sayles & Co. L P now owns 238,401 shares of the industrial products company’s stock valued at $9,634,000 after buying an additional 26,417 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barnes Group Price Performance

Shares of B stock opened at $47.48 on Thursday. Barnes Group Inc. has a 1-year low of $32.65 and a 1-year high of $47.50. The company has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The stock’s 50-day moving average is $47.47 and its 200 day moving average is $45.96.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Barnes Group in a research report on Wednesday. They set a “sell” rating on the stock.

About Barnes Group

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.