Ritholtz Wealth Management Acquires 8,800 Shares of Hamilton Beach Brands Holding Company $HBB

Ritholtz Wealth Management raised its position in shares of Hamilton Beach Brands Holding Company (NYSE:HBB) by 49.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,670 shares of the company’s stock after acquiring an additional 8,800 shares during the period. Ritholtz Wealth Management’s holdings in Hamilton Beach Brands were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HBB. Koss Olinger Consulting LLC bought a new stake in shares of Hamilton Beach Brands during the first quarter worth approximately $739,000. Strs Ohio bought a new stake in shares of Hamilton Beach Brands during the first quarter worth approximately $369,000. Jane Street Group LLC bought a new stake in shares of Hamilton Beach Brands during the first quarter worth approximately $245,000. Nuveen LLC bought a new stake in shares of Hamilton Beach Brands during the first quarter worth approximately $245,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Hamilton Beach Brands by 24.1% during the first quarter. PNC Financial Services Group Inc. now owns 60,704 shares of the company’s stock worth $1,179,000 after acquiring an additional 11,772 shares during the period. Institutional investors own 50.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HBB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Beach Brands in a report on Wednesday, October 8th. Wall Street Zen cut Hamilton Beach Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hamilton Beach Brands Trading Down 0.4%

Shares of HBB stock opened at $15.28 on Monday. The company has a current ratio of 2.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. The stock has a market cap of $205.91 million, a P/E ratio of 6.50 and a beta of -0.01. The stock has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $16.46. Hamilton Beach Brands Holding Company has a 1 year low of $12.72 and a 1 year high of $31.72.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter. Hamilton Beach Brands had a return on equity of 20.03% and a net margin of 5.10%.The business had revenue of $127.77 million during the quarter.

Hamilton Beach Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, September 2nd. Hamilton Beach Brands’s payout ratio is currently 20.43%.

Hamilton Beach Brands Company Profile

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.