Hamilton Beach Brands Holding (NYSE:HBB) Sees Significant Increase in Short Interest

Hamilton Beach Brands Holding (NYSE:HBB - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 270,400 shares, an increase of 24.3% from the September 30th total of 217,500 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,200 shares, the days-to-cover ratio is currently 4.8 days.

Hamilton Beach Brands Stock Performance

HBB stock traded up $0.94 on Wednesday, reaching $30.97. The company had a trading volume of 25,280 shares, compared to its average volume of 54,708. The company's fifty day moving average is $29.35 and its 200 day moving average is $23.37. The company has a market cap of $438.10 million, a P/E ratio of 14.74 and a beta of 0.94. Hamilton Beach Brands has a 1 year low of $11.85 and a 1 year high of $31.78.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Hamilton Beach Brands had a net margin of 5.39% and a return on equity of 24.54%. The firm had revenue of $156.24 million for the quarter.

Hamilton Beach Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a dividend of $0.115 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.46 annualized dividend and a yield of 1.49%. Hamilton Beach Brands's dividend payout ratio (DPR) is presently 22.22%.

Institutional Trading of Hamilton Beach Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBB. Denali Advisors LLC grew its holdings in Hamilton Beach Brands by 50.0% in the first quarter. Denali Advisors LLC now owns 22,500 shares of the company's stock valued at $548,000 after purchasing an additional 7,500 shares during the period. Janney Montgomery Scott LLC acquired a new position in Hamilton Beach Brands in the first quarter valued at $994,000. Russell Investments Group Ltd. increased its position in Hamilton Beach Brands by 14.3% during the 1st quarter. Russell Investments Group Ltd. now owns 27,059 shares of the company's stock worth $659,000 after purchasing an additional 3,395 shares in the last quarter. Acadian Asset Management LLC boosted its position in Hamilton Beach Brands by 167.2% during the 1st quarter. Acadian Asset Management LLC now owns 90,042 shares of the company's stock worth $2,188,000 after purchasing an additional 56,345 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in Hamilton Beach Brands by 39.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 112,900 shares of the company's stock valued at $2,750,000 after purchasing an additional 32,000 shares in the last quarter. Hedge funds and other institutional investors own 50.55% of the company's stock.

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.