Inspire Investing LLC Purchases 179,890 Shares of The Hain Celestial Group, Inc. $HAIN

Inspire Investing LLC increased its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 221.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 261,012 shares of the company’s stock after acquiring an additional 179,890 shares during the quarter. Inspire Investing LLC owned about 0.29% of The Hain Celestial Group worth $397,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HAIN. Assenagon Asset Management S.A. boosted its position in shares of The Hain Celestial Group by 89.0% in the first quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company’s stock valued at $2,354,000 after acquiring an additional 267,161 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of The Hain Celestial Group by 45.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company’s stock valued at $98,000 after acquiring an additional 7,389 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of The Hain Celestial Group by 16.1% in the first quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company’s stock valued at $349,000 after acquiring an additional 11,675 shares during the period. Advisor Resource Council bought a new position in shares of The Hain Celestial Group in the first quarter valued at approximately $405,000. Finally, Grace & White Inc. NY boosted its position in shares of The Hain Celestial Group by 100.0% in the first quarter. Grace & White Inc. NY now owns 28,000 shares of the company’s stock valued at $116,000 after acquiring an additional 14,000 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Performance

HAIN stock opened at $1.34 on Tuesday. The company has a market capitalization of $120.99 million, a PE ratio of -0.23 and a beta of 0.82. The Hain Celestial Group, Inc. has a one year low of $1.30 and a one year high of $9.43. The company’s 50 day moving average price is $1.68 and its two-hundred day moving average price is $2.01. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The business had revenue of $363.35 million for the quarter, compared to analysts’ expectations of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The company’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In other news, Director Neil Campbell bought 62,640 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average cost of $1.52 per share, with a total value of $95,212.80. Following the completion of the purchase, the director directly owned 125,569 shares in the company, valued at $190,864.88. This represents a 99.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Alison Lewis bought 44,895 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the purchase, the chief executive officer owned 74,895 shares of the company’s stock, valued at $112,342.50. This trade represents a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 137,535 shares of company stock worth $207,255. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on HAIN. Stephens lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Wall Street Zen lowered shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Mizuho dropped their target price on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of The Hain Celestial Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $3.28.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.