Trading was light with 21K shares changing hands in the last trading session. Overall, volume was down 77.40% under the stocks normal daily volume.
Traders are feeling more bearish on Houston Wire & Cable Company lately considering the change in short interest. The stock realized a rise in short interest of 4.28% as of the latest report on October 13, 2017. Short shares grew 14,289 over that period. Days to cover decreased -1.0 to 4.0 and the percentage of shorted shares is 0.02% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Ubs Group Ag had acquired a total of 27,204 shares growing its holdings by 1,818.4%. The value of the investment in (HWCC) increased from $10,000 to $149,000 a change of 1,390.0% for the reporting period. As of quarter end Balter Liquid Alternatives, LLC had bought 9,930 shares growing its stake by 23.9%. The value of the investment in Houston Wire & Cable Company went from $218,000 to $270,000 a change of $52,000 since the last quarter.
As of the end of the quarter Thomson Horstmann & Bryant Inc had sold 129,546 shares trimming its position 13.8%. The value of the total investment in Houston Wire & Cable Company went from $4,867,000 to $4,233,000 decreasing 13.0% quarter over quarter. Nationwide Fund Advisors divested its stake by shedding 10,140 shares a decrease of 29.9%. Nationwide Fund Advisors now holds 23,756 shares worth $125,000. The value of the position overall is down by 29.8%.
The company is now unchanged from yesterday’s close of $5.35. Shares are trading at $5.35 which is just over the 50 day moving average of $5.29 and which is just under the 200 day moving average of $5.77. The 50 day moving average went up $0.06 or +1.19% and the 200 day average moved down $-0.42.
In the latest earnings report the EPS was $-0.23 and is projected to be $-0.05 for the current year with 16,487,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.02 and the next full year EPS is anticipated to be $0.06.
Houston Wire & Cable Company, launched on March 20, 1997, is a holding company. The Company is involved in provision of electrical and mechanical wire and cable, hardware and related services. The Company 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. It provides cable management services and value-added services. The Company offers products in categories of wire and cable, including continuous and interlocked armor cable; control and power cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; lead and high temperature cable; medium voltage cable; premise and category wire and cable; primary and secondary aluminum distribution cable, and synthetic fiber rope slings, chain, shackles, and other related hardware..