GSA Capital Partners LLP Sells 20,511 Shares of Hawkins, Inc. (NASDAQ:HWKN)

GSA Capital Partners LLP lowered its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 88.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,707 shares of the specialty chemicals company's stock after selling 20,511 shares during the quarter. GSA Capital Partners LLP's holdings in Hawkins were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Hawkins by 71.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 168 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after buying an additional 347 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hawkins in the 3rd quarter worth $100,000. USA Financial Formulas grew its holdings in shares of Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock worth $113,000 after acquiring an additional 230 shares during the period. Finally, Shell Asset Management Co. increased its position in Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company's stock valued at $180,000 after acquiring an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reissued a "neutral" rating and issued a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

Hawkins Price Performance

Shares of HWKN traded up $2.00 during midday trading on Friday, hitting $130.03. 89,327 shares of the company traded hands, compared to its average volume of 134,534. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $135.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The firm has a 50 day moving average of $123.19 and a 200-day moving average of $108.81. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 4.44 and a beta of 0.77.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The business had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. On average, analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.55%. Hawkins's payout ratio is 18.41%.

Hawkins Company Profile

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.