Hamilton Beach Brands (NYSE:HBB) Issues Earnings Results

Hamilton Beach Brands (NYSE:HBB) released its quarterly earnings results on Wednesday. The company reported $0.14 EPS for the quarter, reports. The business had revenue of $156.67 million for the quarter. Hamilton Beach Brands had a net margin of 4.06% and a return on equity of 18.02%.

Hamilton Beach Brands Price Performance

HBB stock traded down $1.11 during midday trading on Friday, reaching $26.54. The company had a trading volume of 58,497 shares, compared to its average volume of 54,714. Hamilton Beach Brands has a 1-year low of $11.95 and a 1-year high of $31.78. The stock has a 50 day moving average price of $29.40 and a 200-day moving average price of $23.48. The company has a market capitalization of $368.83 million, a price-to-earnings ratio of 14.13 and a beta of 0.94.

Hamilton Beach Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, September 3rd. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 24.47%.

Hedge Funds Weigh In On Hamilton Beach Brands

Several hedge funds and other institutional investors have recently made changes to their positions in HBB. Russell Investments Group Ltd. increased its stake in Hamilton Beach Brands by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 27,059 shares of the company’s stock valued at $659,000 after acquiring an additional 3,395 shares during the last quarter. Denali Advisors LLC raised its holdings in shares of Hamilton Beach Brands by 50.0% during the 1st quarter. Denali Advisors LLC now owns 22,500 shares of the company’s stock worth $548,000 after buying an additional 7,500 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Hamilton Beach Brands by 4,150.3% during the 1st quarter. Lazard Asset Management LLC now owns 8,033 shares of the company’s stock worth $195,000 after buying an additional 7,844 shares during the last quarter. XTX Topco Ltd acquired a new stake in Hamilton Beach Brands in the second quarter valued at about $178,000. Finally, Janney Montgomery Scott LLC grew its position in Hamilton Beach Brands by 24.9% in the third quarter. Janney Montgomery Scott LLC now owns 52,296 shares of the company’s stock valued at $1,591,000 after acquiring an additional 10,439 shares during the last quarter. 50.55% of the stock is currently owned by institutional investors and hedge funds.

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.