Rhumbline Advisers Purchases Shares of 7,151 Hamilton Beach Brands Holding Co (HBB)

Rhumbline Advisers purchased a new position in shares of Hamilton Beach Brands Holding Co (NYSE:HBB) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 7,151 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also recently made changes to their positions in the company. KBC Group NV boosted its stake in shares of Hamilton Beach Brands by 19.8% during the 1st quarter. KBC Group NV now owns 14,547 shares of the company’s stock worth $309,000 after acquiring an additional 2,407 shares in the last quarter. UBS Group AG boosted its stake in shares of Hamilton Beach Brands by 58.8% during the 1st quarter. UBS Group AG now owns 15,897 shares of the company’s stock worth $337,000 after acquiring an additional 5,885 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Hamilton Beach Brands by 1,316.2% during the 1st quarter. Royal Bank of Canada now owns 31,510 shares of the company’s stock worth $669,000 after acquiring an additional 29,285 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Hamilton Beach Brands during the 2nd quarter worth approximately $817,000. Finally, Natixis Advisors L.P. purchased a new stake in shares of Hamilton Beach Brands during the 1st quarter worth approximately $1,053,000. 39.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:HBB opened at $22.76 on Wednesday. The company has a market cap of $329.56 million and a PE ratio of 13.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 1.19. Hamilton Beach Brands Holding Co has a 12 month low of $20.97 and a 12 month high of $41.00.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.13). Hamilton Beach Brands had a return on equity of 49.75% and a net margin of 2.22%. The company had revenue of $157.94 million for the quarter. analysts expect that Hamilton Beach Brands Holding Co will post 2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.085 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.34 annualized dividend and a dividend yield of 1.49%. Hamilton Beach Brands’s dividend payout ratio is currently 20.61%.

In related news, insider Frank F. Taplin sold 3,850 shares of Hamilton Beach Brands stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Sichel sold 2,000 shares of Hamilton Beach Brands stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $25.63, for a total value of $51,260.00. The disclosure for this sale can be found here. Insiders own 32.68% of the company’s stock.

Separately, Zacks Investment Research lowered Hamilton Beach Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th.

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.

Further Reading: Average Daily Trade Volume – ADTV

Want to see what other hedge funds are holding HBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hamilton Beach Brands Holding Co (NYSE:HBB).

Institutional Ownership by Quarter for Hamilton Beach Brands (NYSE:HBB)

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