North Star Investment Management Corp. raised its holdings in Hamilton Beach Brands Holding Company (NYSE:HBB – Free Report) by 16.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,600 shares of the company’s stock after acquiring an additional 26,949 shares during the quarter. North Star Investment Management Corp. owned 1.42% of Hamilton Beach Brands worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in HBB. Two Sigma Investments LP bought a new stake in shares of Hamilton Beach Brands in the 3rd quarter worth approximately $164,000. State Street Corp boosted its holdings in Hamilton Beach Brands by 1.2% during the fourth quarter. State Street Corp now owns 130,005 shares of the company’s stock worth $2,139,000 after buying an additional 1,557 shares in the last quarter. Barclays PLC grew its position in Hamilton Beach Brands by 4.3% in the fourth quarter. Barclays PLC now owns 19,930 shares of the company’s stock worth $328,000 after buying an additional 830 shares during the last quarter. Jane Street Group LLC acquired a new position in Hamilton Beach Brands in the first quarter worth approximately $245,000. Finally, Invesco Ltd. increased its holdings in shares of Hamilton Beach Brands by 17.5% in the fourth quarter. Invesco Ltd. now owns 12,328 shares of the company’s stock valued at $203,000 after buying an additional 1,836 shares in the last quarter. Institutional investors own 50.55% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Hamilton Beach Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hamilton Beach Brands has a consensus rating of “Hold”.
Hamilton Beach Brands Price Performance
HBB stock opened at $20.92 on Monday. Hamilton Beach Brands Holding Company has a one year low of $12.72 and a one year high of $21.84. The firm has a 50-day moving average of $19.92 and a two-hundred day moving average of $18.76. The firm has a market capitalization of $283.44 million, a PE ratio of 10.01 and a beta of 0.22. The company has a current ratio of 2.98, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27.
Hamilton Beach Brands (NYSE:HBB – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The business had revenue of $121.96 million for the quarter, compared to analyst estimates of $121.96 million. Hamilton Beach Brands had a net margin of 4.73% and a return on equity of 16.21%.
Hamilton Beach Brands Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were paid a dividend of $0.125 per share. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.50 annualized dividend and a yield of 2.4%. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 23.92%.
Hamilton Beach Brands Profile
Hamilton Beach Brands Holding Company is a designer, marketer and distributor of branded small kitchen and household appliances. The company’s product portfolio spans a range of countertop and electric appliances, including blenders, mixers, toasters, coffeemakers, slow cookers, air fryers, and specialty beverage machines. Through the Hamilton Beach and Proctor-Silex brands, the company serves both everyday consumers and commercial foodservice operators.
Established in 1910, Hamilton Beach has introduced a number of innovations in small-appliance technology, from early electric drink mixers to modern immersion blenders and multi-function cookers.
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