Short Interest in Hamilton Beach Brands Holding (NYSE:HBB) Decreases By 14.5%

Hamilton Beach Brands Holding (NYSE:HBB) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 292,300 shares, a drop of 14.5% from the April 30th total of 342,000 shares. Based on an average trading volume of 54,400 shares, the days-to-cover ratio is currently 5.4 days. Currently, 4.8% of the company’s shares are sold short.

Hamilton Beach Brands Stock Down 3.0%

Shares of HBB stock opened at $18.12 on Thursday. The stock has a fifty day moving average of $17.82 and a 200 day moving average of $17.95. Hamilton Beach Brands has a 52 week low of $13.25 and a 52 week high of $31.78. The firm has a market capitalization of $248.10 million, a price-to-earnings ratio of 9.64 and a beta of 0.32.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter. The business had revenue of $133.37 million during the quarter. Hamilton Beach Brands had a return on equity of 17.90% and a net margin of 4.06%.

Hamilton Beach Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a dividend yield of 2.65%. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 19.67%.

Hedge Funds Weigh In On Hamilton Beach Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in Hamilton Beach Brands by 202.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,486 shares of the company’s stock worth $25,000 after buying an additional 995 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Hamilton Beach Brands by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 107,140 shares of the company’s stock valued at $1,803,000 after buying an additional 1,283 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Hamilton Beach Brands during the 1st quarter valued at about $270,000. Barclays PLC lifted its position in shares of Hamilton Beach Brands by 11.0% during the 4th quarter. Barclays PLC now owns 17,884 shares of the company’s stock valued at $301,000 after buying an additional 1,772 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Hamilton Beach Brands by 5.0% in the 4th quarter. Empowered Funds LLC now owns 43,740 shares of the company’s stock worth $736,000 after purchasing an additional 2,083 shares in the last quarter. 50.55% of the stock is currently owned by institutional investors.

About Hamilton Beach Brands

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.