Hamilton Beach Brands Holding Co (NYSE:HBB) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 320,900 shares, an increase of 15.6% from the January 15th total of 277,700 shares. Based on an average daily volume of 42,600 shares, the short-interest ratio is currently 7.5 days. Approximately 5.1% of the company’s stock are sold short.
A number of institutional investors have recently modified their holdings of the business. Citigroup Inc. lifted its position in shares of Hamilton Beach Brands by 69.0% during the fourth quarter. Citigroup Inc. now owns 2,074 shares of the company’s stock worth $39,000 after purchasing an additional 847 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Hamilton Beach Brands in the fourth quarter valued at approximately $48,000. Endurance Wealth Management Inc. raised its position in Hamilton Beach Brands by 200.0% in the 3rd quarter. Endurance Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $49,000 after purchasing an additional 2,000 shares during the last quarter. Barclays PLC lifted its holdings in Hamilton Beach Brands by 97.2% during the 4th quarter. Barclays PLC now owns 6,477 shares of the company’s stock worth $123,000 after buying an additional 3,192 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Hamilton Beach Brands by 35.4% during the 4th quarter. UBS Group AG now owns 10,097 shares of the company’s stock worth $193,000 after buying an additional 2,640 shares in the last quarter. 33.24% of the stock is owned by institutional investors.
Shares of NYSE HBB traded up $0.07 during mid-day trading on Friday, hitting $14.87. 23,344 shares of the company were exchanged, compared to its average volume of 32,050. Hamilton Beach Brands has a 1-year low of $12.60 and a 1-year high of $25.19. The firm has a market cap of $205.04 million, a price-to-earnings ratio of 16.16 and a beta of 0.20. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $17.07 and a 200-day simple moving average of $16.93.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, February 27th. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 22.64%.
Separately, Zacks Investment Research cut shares of Hamilton Beach Brands from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th.
About Hamilton Beach Brands
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 Hamilton Beach Commercial and Proctor Silex Commercial brands.
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