Hamilton Beach Brands Holding (NYSE:HBB) Short Interest Update

Hamilton Beach Brands Holding (NYSE:HBB - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 284,800 shares, an increase of 8.3% from the December 31st total of 262,900 shares. Currently, 4.7% of the company's shares are sold short. Based on an average daily volume of 54,600 shares, the days-to-cover ratio is presently 5.2 days.

Hamilton Beach Brands Price Performance

HBB stock traded down $0.47 on Friday, hitting $16.16. 18,600 shares of the company were exchanged, compared to its average volume of 35,508. The stock has a market capitalization of $221.47 million, a price-to-earnings ratio of 8.60 and a beta of 0.86. The business's fifty day moving average is $17.35 and its two-hundred day moving average is $23.03. Hamilton Beach Brands has a twelve month low of $14.34 and a twelve month high of $31.78.

Hamilton Beach Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Monday, December 2nd. Hamilton Beach Brands's payout ratio is currently 24.47%.

Institutional Investors Weigh In On Hamilton Beach Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBB. PNC Financial Services Group Inc. lifted its stake in shares of Hamilton Beach Brands by 65.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 48,932 shares of the company's stock valued at $824,000 after purchasing an additional 19,382 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hamilton Beach Brands by 22.8% in the fourth quarter. Bank of New York Mellon Corp now owns 116,253 shares of the company's stock valued at $1,957,000 after buying an additional 21,591 shares during the period. Navellier & Associates Inc. grew its stake in Hamilton Beach Brands by 67.1% during the fourth quarter. Navellier & Associates Inc. now owns 26,233 shares of the company's stock worth $442,000 after buying an additional 10,535 shares during the period. Empowered Funds LLC increased its position in shares of Hamilton Beach Brands by 5.0% in the fourth quarter. Empowered Funds LLC now owns 43,740 shares of the company's stock worth $736,000 after acquiring an additional 2,083 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Hamilton Beach Brands by 79.3% in the 3rd quarter. Barclays PLC now owns 16,112 shares of the company's stock valued at $491,000 after acquiring an additional 7,125 shares during the period. 50.55% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.