Hillsdale Investment Management Inc. Sells 85,939 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Hillsdale Investment Management Inc. trimmed its stake in shares of Hamilton Beach Brands Holding (NYSE:HBB - Free Report) by 77.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,661 shares of the company's stock after selling 85,939 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.19% of Hamilton Beach Brands worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. MetLife Investment Management LLC raised its stake in shares of Hamilton Beach Brands by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,074 shares of the company's stock valued at $154,000 after acquiring an additional 2,859 shares during the last quarter. Jane Street Group LLC purchased a new position in Hamilton Beach Brands during the 3rd quarter valued at about $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 valued at $239,000 after purchasing an additional 5,952 shares during the last quarter. Walleye Capital LLC purchased a new stake in Hamilton Beach Brands in the 3rd quarter worth approximately $306,000. Finally, Navellier & Associates Inc. grew its position in shares of Hamilton Beach Brands by 67.1% in the 4th 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 last quarter. 50.55% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Hamilton Beach Brands Stock Down 1.9 %

Shares of HBB traded down $0.37 during mid-day trading on Friday, hitting $19.36. 28,101 shares of the company's stock traded hands, compared to its average volume of 54,832. The business's 50-day moving average price is $18.27 and its 200-day moving average price is $21.40. Hamilton Beach Brands Holding has a 1 year low of $14.34 and a 1 year high of $31.78. The firm has a market capitalization of $261.62 million, a P/E ratio of 10.30 and a beta of 0.71.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.75 EPS for the quarter. The business 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.46 annualized dividend and a yield of 2.38%. Hamilton Beach Brands's payout ratio 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.