Insider Buying: Hamilton Beach Brands Holding Co (HBB) VP Purchases 2,361 Shares of Stock

Hamilton Beach Brands Holding Co (NYSE:HBB) VP Scott Tidey purchased 2,361 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $17.20 per share, with a total value of $40,609.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE HBB traded up $0.03 on Thursday, reaching $18.44. 39 shares of the stock were exchanged, compared to its average volume of 36,471. Hamilton Beach Brands Holding Co has a one year low of $16.22 and a one year high of $31.30. The stock has a market cap of $245.72 million, a price-to-earnings ratio of 11.57 and a beta of -0.28. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Thursday, April 25th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). Hamilton Beach Brands had a return on equity of 35.71% and a net margin of 2.76%. The firm had revenue of $145.38 million for the quarter. Sell-side analysts forecast that Hamilton Beach Brands Holding Co will post 1.75 EPS for the current year.



The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.09 per share. This is a boost from Hamilton Beach Brands’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, May 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.95%. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 21.38%.

Several brokerages recently issued reports on HBB. Zacks Investment Research lowered shares of Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. TheStreet downgraded shares of Hamilton Beach Brands from a “c-” rating to a “d” rating in a report on Thursday, April 4th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBB. Zuckerman Investment Group LLC boosted its stake in Hamilton Beach Brands by 19.1% during the first quarter. Zuckerman Investment Group LLC now owns 781,476 shares of the company’s stock worth $16,770,000 after buying an additional 125,325 shares during the period. Ancora Advisors LLC boosted its stake in Hamilton Beach Brands by 57.2% during the fourth quarter. Ancora Advisors LLC now owns 341,565 shares of the company’s stock worth $8,013,000 after buying an additional 124,351 shares during the period. FMR LLC boosted its stake in Hamilton Beach Brands by 34.2% during the fourth quarter. FMR LLC now owns 477,889 shares of the company’s stock worth $11,211,000 after buying an additional 121,668 shares during the period. AltraVue Capital LLC purchased a new position in Hamilton Beach Brands during the fourth quarter worth $2,394,000. Finally, BlackRock Inc. boosted its stake in Hamilton Beach Brands by 11.7% during the third quarter. BlackRock Inc. now owns 575,374 shares of the company’s stock worth $12,625,000 after buying an additional 60,400 shares during the period. Institutional investors own 38.17% of the company’s stock.

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About Hamilton Beach Brands

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 Hamilton Beach Commercial and Proctor Silex Commercial brands.

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