Aristeia Capital L.L.C. Invests $1.59 Million in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Aristeia Capital L.L.C. acquired a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,800 shares of the company’s stock, valued at approximately $1,588,000. Aristeia Capital L.L.C. owned 0.07% of Spectrum Brands at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPB. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands in the 4th quarter valued at about $50,000. Blue Trust Inc. boosted its holdings in Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after acquiring an additional 375 shares during the last quarter. KBC Group NV lifted its stake in shares of Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock valued at $104,000 after purchasing an additional 390 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in Spectrum Brands during the fourth quarter worth approximately $237,000. Finally, City Center Advisors LLC acquired a new stake in Spectrum Brands in the 4th quarter valued at $306,000.

Spectrum Brands Stock Up 2.1 %

Shares of NYSE SPB opened at $64.40 on Friday. Spectrum Brands Holdings, Inc. has a 52-week low of $57.66 and a 52-week high of $96.74. The stock has a market cap of $1.69 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a 50 day moving average price of $67.37 and a 200 day moving average price of $80.18.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter last year, the business earned $0.78 EPS. Analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.92%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SPB shares. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. UBS Group dropped their target price on Spectrum Brands from $106.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reduced their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Spectrum Brands presently has a consensus rating of “Moderate Buy” and an average price target of $95.43.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.