Hamilton Beach Brands Holding (NYSE:HBB) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in Hamilton Beach Brands Holding (NYSE:HBB - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,932 shares of the company's stock after purchasing an additional 19,382 shares during the quarter. PNC Financial Services Group Inc. owned about 0.36% of Hamilton Beach Brands worth $824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in shares of Hamilton Beach Brands by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,074 shares of the company's stock valued at $154,000 after purchasing an additional 2,859 shares during the period. Jane Street Group LLC acquired a new position in Hamilton Beach Brands in the 3rd quarter valued at $219,000. BNP Paribas Financial Markets raised its position in Hamilton Beach Brands by 310.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company's stock worth $239,000 after buying an additional 5,952 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Hamilton Beach Brands in the 3rd quarter worth $306,000. Finally, Navellier & Associates Inc. raised its position in Hamilton Beach Brands by 67.1% in the fourth quarter. Navellier & Associates Inc. now owns 26,233 shares of the company's stock worth $442,000 after acquiring an additional 10,535 shares in the last quarter. 50.55% of the stock is owned by hedge funds and other institutional investors.

Hamilton Beach Brands Price Performance

Shares of NYSE HBB traded up $0.15 during trading on Friday, hitting $19.81. 58,248 shares of the company were exchanged, compared to its average volume of 54,461. The firm's fifty day moving average price is $17.90 and its 200 day moving average price is $21.75. The company has a market cap of $267.73 million, a price-to-earnings ratio of 10.54 and a beta of 0.71. Hamilton Beach Brands Holding has a 1 year low of $14.34 and a 1 year high of $31.78.

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Hamilton Beach Brands (NYSE:HBB - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $1.75 earnings per share (EPS) for the quarter. The company had revenue of $213.51 million during the quarter. Hamilton Beach Brands had a net margin of 4.06% and a return on equity of 17.90%.

Hamilton Beach Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Monday, March 3rd. Hamilton Beach Brands's dividend payout ratio (DPR) is 20.63%.

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.