Proficio Capital Partners LLC Acquires New Holdings in Hillenbrand, Inc. (NYSE:HI)

Proficio Capital Partners LLC purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,904 shares of the company's stock, valued at approximately $1,013,000.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Hillenbrand by 0.5% during the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company's stock valued at $2,469,000 after purchasing an additional 387 shares in the last quarter. KBC Group NV boosted its position in Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company's stock valued at $63,000 after acquiring an additional 551 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after acquiring an additional 614 shares during the period. R Squared Ltd bought a new position in shares of Hillenbrand in the 4th quarter worth approximately $27,000. Finally, SkyView Investment Advisors LLC lifted its stake in shares of Hillenbrand by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company's stock valued at $570,000 after purchasing an additional 891 shares during the period. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Stock Down 1.0 %

Hillenbrand stock traded down $0.27 during mid-day trading on Tuesday, reaching $25.99. The stock had a trading volume of 421,771 shares, compared to its average volume of 418,222. Hillenbrand, Inc. has a one year low of $24.64 and a one year high of $50.58. The company has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $30.22. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -8.28 and a beta of 1.41. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86.

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Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, March 14th. Hillenbrand's payout ratio is currently -28.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.