Hamilton Beach Brands (NYSE:HBB) Trading Down 4.4%

Hamilton Beach Brands Holding (NYSE:HBB) shares traded down 4.4% during mid-day trading on Wednesday . The company traded as low as $21.69 and last traded at $21.79. 26,447 shares were traded during trading, a decline of 40% from the average session volume of 44,405 shares. The stock had previously closed at $22.78.

Hamilton Beach Brands Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.05 and a quick ratio of 1.15. The company has a market cap of $299.98 million, a price-to-earnings ratio of 11.91 and a beta of 0.89. The business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $17.79.

Hamilton Beach Brands (NYSE:HBB) last announced its earnings results on Wednesday, March 6th. The company reported $1.40 earnings per share (EPS) for the quarter. The company had revenue of $206.65 million during the quarter. Hamilton Beach Brands had a net margin of 4.03% and a return on equity of 19.73%.

Hamilton Beach Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, March 1st. Hamilton Beach Brands’s dividend payout ratio is presently 24.31%.

Hedge Funds Weigh In On Hamilton Beach Brands

Several institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in shares of Hamilton Beach Brands during the third quarter valued at approximately $1,200,000. Hillsdale Investment Management Inc. purchased a new position in Hamilton Beach Brands during the fourth quarter worth approximately $1,415,000. Russell Investments Group Ltd. raised its stake in Hamilton Beach Brands by 29.0% during the fourth quarter. Russell Investments Group Ltd. now owns 23,664 shares of the company’s stock worth $414,000 after purchasing an additional 5,319 shares during the period. Denali Advisors LLC raised its stake in Hamilton Beach Brands by 50.0% during the first quarter. Denali Advisors LLC now owns 22,500 shares of the company’s stock worth $548,000 after purchasing an additional 7,500 shares during the period. Finally, Crestwood Advisors Group LLC purchased a new position in Hamilton Beach Brands during the third quarter worth approximately $191,000. Hedge funds and other institutional investors own 50.55% of the company’s stock.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.