Insider Buying: Houston Wire & Cable (NASDAQ:HWCC) Director Purchases 40,000 Shares of Stock

Houston Wire & Cable (NASDAQ:HWCC) Director Roy W. Haley bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of $4.09 per share, with a total value of $163,600.00. Following the purchase, the director now directly owns 230,000 shares of the company’s stock, valued at $940,700. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Houston Wire & Cable stock traded down $0.06 during mid-day trading on Friday, reaching $4.55. 5,406 shares of the company’s stock were exchanged, compared to its average volume of 79,427. Houston Wire & Cable has a one year low of $3.55 and a one year high of $8.35. The company has a quick ratio of 1.63, a current ratio of 4.41 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $5.39. The firm has a market capitalization of $75.76 million, a PE ratio of 9.16 and a beta of 1.53.

Houston Wire & Cable (NASDAQ:HWCC) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.10 earnings per share for the quarter. Houston Wire & Cable had a return on equity of 7.89% and a net margin of 2.30%. The company had revenue of $85.33 million for the quarter.

Several institutional investors have recently modified their holdings of HWCC. Raymond James & Associates grew its position in Houston Wire & Cable by 6.1% in the first quarter. Raymond James & Associates now owns 261,302 shares of the industrial products company’s stock worth $1,654,000 after acquiring an additional 15,000 shares in the last quarter. Walthausen & Co. LLC raised its stake in Houston Wire & Cable by 5.8% during the 1st quarter. Walthausen & Co. LLC now owns 587,671 shares of the industrial products company’s stock worth $3,720,000 after acquiring an additional 32,162 shares in the last quarter. Balter Liquid Alternatives LLC raised its stake in Houston Wire & Cable by 51.5% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 251,798 shares of the industrial products company’s stock worth $1,319,000 after acquiring an additional 85,617 shares in the last quarter. Rutabaga Capital Management LLC MA raised its stake in Houston Wire & Cable by 11.4% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 885,328 shares of the industrial products company’s stock worth $4,639,000 after acquiring an additional 90,955 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Houston Wire & Cable by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 176,700 shares of the industrial products company’s stock worth $926,000 after acquiring an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 64.95% of the company’s stock.

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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Insider Buying and Selling by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

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