Snow Capital Management Cut Its Stake in Barnes Group

Snow Capital Management disclosed on December 6th for its 4.8% passive stake in Barnes Group Inc. (B). The amended 13G filing shows Snow Capital Management decreased its position and retained 2.65 million shares in the stock. Snow Capital Management reported 2.83 million shares in Barnes Group in its initial 13G filing on September 7th, and 2.78 million shares at the end of September. We believe Snow Capital Management sold the shares on November 30th at about $25 per share. Now B is trading at $24.43, and has returned 20% year to date.

Barnes Group Inc. (NYSE:B)

According to Insider Monkey’s hedge fund database, several other hedge funds held Barnes Group in the third quarter. David Dreman’s Dreman Value Management decreased its position by 12% and reported 1.57 million shares in the stock. Chuck Royce’s Royce & Associates cut its position by 22% and remained 483 thousand shares.

According to Snow Capital Management’s profile on Linkedin, Snow Capital Management applies a contrarian, fundamental, relative value investment philosophy. The firm strives to earn attractive returns by “constructing diversified portfolios of well-managed, financially strong companies where the stock price is depressed because the company has experienced temporary difficulties of some sort.” The firm takes advantage of investors’ “overreaction to negative surprises which should result in avoiding overpaying for the crowd’s current favorites.”

According to Google Finance, Barnes Group Inc. “is an international logistical services company, and aerospace and industrial components manufacturer serving a range of end markets and customers. The products and services provided by Barnes Group are critical components for applications that provide transportation, communication, manufacturing and technology to the world. The Company operates in two business segments: Logistics and Manufacturing Services, and Precision Components. Logistics and Manufacturing Services provide logistical support and repair services. Logistical support services include inventory management, technical sales, and supply chain solutions for maintenance, repair, operating, and production supplies and services. Precision Components is a supplier of engineered components for applications focused on providing solutions for a diverse industrial, transportation and aerospace customer base.”

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!