Royce & Associates LP cut its holdings in Hamilton Beach Brands Holding Co (NYSE:HBB) by 67.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 54,324 shares of the company’s stock after selling 111,160 shares during the quarter. Royce & Associates LP’s holdings in Hamilton Beach Brands were worth $1,578,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers purchased a new stake in shares of Hamilton Beach Brands in the second quarter valued at approximately $208,000. GSA Capital Partners LLP purchased a new stake in shares of Hamilton Beach Brands in the second quarter valued at approximately $238,000. HL Financial Services LLC purchased a new stake in shares of Hamilton Beach Brands in the first quarter valued at approximately $276,000. KBC Group NV boosted its stake in shares of Hamilton Beach Brands by 19.8% in the first quarter. KBC Group NV now owns 14,547 shares of the company’s stock valued at $309,000 after buying an additional 2,407 shares in the last quarter. Finally, UBS Group AG raised its holdings in Hamilton Beach Brands by 58.8% during the first quarter. UBS Group AG now owns 15,897 shares of the company’s stock worth $337,000 after purchasing an additional 5,885 shares during the last quarter. Hedge funds and other institutional investors own 39.15% of the company’s stock.
Separately, Zacks Investment Research raised Hamilton Beach Brands from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Friday, June 8th.
In related news, insider Susan Sichel sold 2,000 shares of Hamilton Beach Brands stock in a transaction on Friday, August 17th. The stock was sold at an average price of $25.63, for a total transaction of $51,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 32.68% of the company’s stock.
Shares of HBB stock opened at $24.07 on Friday. The firm has a market cap of $317.22 million and a P/E ratio of 14.74. Hamilton Beach Brands Holding Co has a 1 year low of $20.97 and a 1 year high of $41.00. The company has a quick ratio of 0.45, a current ratio of 1.19 and a debt-to-equity ratio of 0.65.
Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). The firm had revenue of $157.94 million for the quarter. Hamilton Beach Brands had a return on equity of 49.75% and a net margin of 2.22%. research analysts predict that Hamilton Beach Brands Holding Co will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a dividend of $0.085 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.34 annualized dividend and a yield of 1.41%. Hamilton Beach Brands’s dividend payout ratio is presently 20.61%.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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