Bridgeway Capital Management Inc. Has $883,000 Position in Houston Wire & Cable (HWCC)

Bridgeway Capital Management Inc. increased its stake in Houston Wire & Cable (NASDAQ:HWCC) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,739 shares of the industrial products company’s stock after buying an additional 16,700 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Houston Wire & Cable were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Balter Liquid Alternatives LLC lifted its position in Houston Wire & Cable by 14.9% in the second quarter. Balter Liquid Alternatives LLC now owns 69,030 shares of the industrial products company’s stock worth $590,000 after buying an additional 8,946 shares during the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in Houston Wire & Cable in the second quarter worth $119,000. Dimensional Fund Advisors LP lifted its position in Houston Wire & Cable by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,085,320 shares of the industrial products company’s stock worth $8,357,000 after buying an additional 15,114 shares during the last quarter. Rutabaga Capital Management LLC MA lifted its position in Houston Wire & Cable by 3.8% in the second quarter. Rutabaga Capital Management LLC MA now owns 884,004 shares of the industrial products company’s stock worth $7,514,000 after buying an additional 32,350 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its position in Houston Wire & Cable by 4.9% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 765,509 shares of the industrial products company’s stock worth $5,894,000 after buying an additional 35,745 shares during the last quarter. Institutional investors own 65.04% of the company’s stock.

In other Houston Wire & Cable news, Director Roy W. Haley bought 8,524 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was acquired at an average cost of $6.09 per share, for a total transaction of $51,911.16. Following the completion of the transaction, the director now owns 170,414 shares in the company, valued at $1,037,821.26. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roy W. Haley bought 5,052 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were acquired at an average price of $8.10 per share, with a total value of $40,921.20. Following the completion of the transaction, the director now owns 114,457 shares of the company’s stock, valued at approximately $927,101.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 75,762 shares of company stock valued at $463,210. 3.90% of the stock is owned by corporate insiders.

Shares of HWCC opened at $6.11 on Friday. The firm has a market capitalization of $102.28 million, a P/E ratio of 11.26 and a beta of 1.42. Houston Wire & Cable has a 52-week low of $5.63 and a 52-week high of $9.32. The company has a quick ratio of 2.43, a current ratio of 5.57 and a debt-to-equity ratio of 0.74.

Houston Wire & Cable (NASDAQ:HWCC) last issued its quarterly earnings results on Thursday, November 8th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $90.07 million during the quarter. Houston Wire & Cable had a return on equity of 9.52% and a net margin of 2.56%.

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Houston Wire & Cable Company Profile

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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Institutional Ownership by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

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