Uniplan Investment Counsel Inc. purchased a new position in shares of Hamilton Beach Brands Holding Co (NYSE:HBB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,337 shares of the company’s stock, valued at approximately $3,298,000. Uniplan Investment Counsel Inc. owned approximately 1.10% of Hamilton Beach Brands at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in Hamilton Beach Brands in the second quarter worth $208,000. GSA Capital Partners LLP purchased a new position in Hamilton Beach Brands in the second quarter worth $238,000. Cornerstone Wealth Management LLC purchased a new position in Hamilton Beach Brands in the third quarter worth $243,000. UBS Group AG boosted its position in Hamilton Beach Brands by 58.8% in the first quarter. UBS Group AG now owns 15,897 shares of the company’s stock worth $337,000 after purchasing an additional 5,885 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new position in Hamilton Beach Brands in the second quarter worth $399,000. Institutional investors and hedge funds own 39.24% of the company’s stock.
In other news, insider Frank F. Taplin sold 3,850 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $47,986.80, for a total transaction of $184,749,180.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 32.68% of the stock is owned by corporate insiders.
HBB stock opened at $21.50 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 1.19. Hamilton Beach Brands Holding Co has a 1-year low of $18.03 and a 1-year high of $31.30. The firm has a market capitalization of $310.55 million, a price-to-earnings ratio of 13.03 and a beta of -0.47.
Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16. Hamilton Beach Brands had a return on equity of 51.86% and a net margin of 2.67%. The firm had revenue of $196.90 million for the quarter. As a group, research analysts predict that Hamilton Beach Brands Holding Co will post 2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.085 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.58%. Hamilton Beach Brands’s dividend payout ratio is presently 20.61%.
Several research firms have weighed in on HBB. Zacks Investment Research raised Hamilton Beach Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. TheStreet raised Hamilton Beach Brands from a “d+” rating to a “c-” rating in a research report on Thursday, November 29th.
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Hamilton Beach Brands Company Profile
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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