PNC Financial Services Group Inc. Increases Position in Hamilton Beach Brands Holding (NYSE:HBB)

PNC Financial Services Group Inc. boosted its holdings in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 65.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,932 shares of the company’s stock after purchasing an additional 19,382 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hamilton Beach Brands were worth $824,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Hamilton Beach Brands by 5.0% during the 4th quarter. Empowered Funds LLC now owns 43,740 shares of the company’s stock valued at $736,000 after buying an additional 2,083 shares in the last quarter. MetLife Investment Management LLC raised its position in Hamilton Beach Brands by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,074 shares of the company’s stock worth $154,000 after acquiring an additional 2,859 shares during the period. BNP Paribas Financial Markets lifted its holdings in Hamilton Beach Brands by 310.3% during the third quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company’s stock valued at $239,000 after purchasing an additional 5,952 shares in the last quarter. Barclays PLC grew its position in shares of Hamilton Beach Brands by 79.3% in the third quarter. Barclays PLC now owns 16,112 shares of the company’s stock valued at $491,000 after purchasing an additional 7,125 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Hamilton Beach Brands during the third quarter worth about $219,000. 50.55% of the stock is owned by institutional investors and hedge funds.

Hamilton Beach Brands Stock Up 6.0 %

HBB opened at $19.86 on Tuesday. Hamilton Beach Brands Holding has a twelve month low of $14.34 and a twelve month high of $31.78. The company has a market cap of $268.41 million, a PE ratio of 10.56 and a beta of 0.71. The company has a 50-day moving average price of $17.69 and a 200 day moving average price of $21.84.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Wednesday, February 26th. The company reported $1.75 earnings per share for the quarter. Hamilton Beach Brands had a return on equity of 17.90% and a net margin of 4.06%. The business had revenue of $213.51 million for the quarter.

Hamilton Beach Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Monday, March 3rd. Hamilton Beach Brands’s payout ratio is 20.63%.

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.