Hamilton Beach Brands Holding Company $HBB Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. lowered its stake in shares of Hamilton Beach Brands Holding Company (NYSE:HBB – Free Report) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,300 shares of the company’s stock after selling 21,300 shares during the quarter. North Star Investment Management Corp.’s holdings in Hamilton Beach Brands were worth $6,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Squarepoint Ops LLC bought a new stake in Hamilton Beach Brands during the 2nd quarter valued at approximately $431,000. Bank of New York Mellon Corp purchased a new position in shares of Hamilton Beach Brands during the 2nd quarter worth approximately $2,130,000. Empowered Funds LLC grew its holdings in shares of Hamilton Beach Brands by 9.5% during the 1st quarter. Empowered Funds LLC now owns 67,692 shares of the company’s stock worth $1,283,000 after acquiring an additional 5,858 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Hamilton Beach Brands by 8.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 66,500 shares of the company’s stock worth $1,260,000 after acquiring an additional 4,898 shares in the last quarter. Hedge funds and other institutional investors own 50.55% of the company’s stock.

Insiders Place Their Bets

In other Hamilton Beach Brands news, CFO Sarah M. Cunningham sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00. Following the transaction, the chief financial officer owned 39,430 shares in the company, valued at approximately $1,281,475. This represents a 7.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 38.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HBB. Weiss Ratings upgraded Hamilton Beach Brands from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy”.

Read Our Latest Stock Report on Hamilton Beach Brands

Hamilton Beach Brands Stock Performance

Shares of HBB stock opened at $31.51 on Thursday. The company has a market capitalization of $423.49 million, a price-to-earnings ratio of 7.41 and a beta of 0.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 3.13. Hamilton Beach Brands Holding Company has a one year low of $13.75 and a one year high of $39.99. The company’s 50-day moving average is $33.44 and its 200 day moving average is $23.80.

Hamilton Beach Brands (NYSE:HBB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $2.33. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%. The company had revenue of $142.63 million during the quarter, compared to analyst estimates of $142.63 million.

Hamilton Beach Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.1250 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. Hamilton Beach Brands’s payout ratio is 11.76%.

About Hamilton Beach Brands

(Free Report)

Hamilton Beach Brands Holding Company, through its subsidiary Hamilton Beach Brands, Inc, develops, markets and distributes a broad range of small household and commercial appliances. Its products are designed for food preparation, cooking, beverage making, cleaning and other household tasks.

The company’s consumer product portfolio includes blenders, coffee makers, food processors, slow cookers, air fryers, toasters, grills, rice cookers, electric kettles, hand mixers and stand mixers.

Further Reading

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Institutional Ownership by Quarter for Hamilton Beach Brands (NYSE:HBB)

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