Hawkins, Inc. (NASDAQ:HWKN) Short Interest Up 40.9% in July

Hawkins, Inc. (NASDAQ:HWKN) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 95,700 shares, a growth of 40.9% from the June 30th total of 67,900 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is presently 2.8 days.

HWKN has been the subject of a number of recent research reports. BidaskClub upgraded shares of Hawkins from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. TheStreet upgraded shares of Hawkins from a “c+” rating to a “b-” rating in a research report on Friday, July 5th.

Institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp acquired a new stake in Hawkins during the first quarter worth about $26,000. First Quadrant L P CA acquired a new stake in Hawkins during the first quarter worth about $30,000. BNP Paribas Arbitrage SA increased its position in Hawkins by 439.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,027 shares of the specialty chemicals company’s stock worth $75,000 after purchasing an additional 1,651 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Hawkins during the first quarter worth about $94,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Hawkins during the fourth quarter worth about $114,000. Hedge funds and other institutional investors own 59.21% of the company’s stock.



Shares of NASDAQ HWKN traded down $0.37 during mid-day trading on Wednesday, reaching $44.91. The company’s stock had a trading volume of 1,391 shares, compared to its average volume of 32,836. The business has a 50-day simple moving average of $43.54. The firm has a market cap of $470.34 million, a PE ratio of 18.77 and a beta of 0.92. The company has a quick ratio of 1.43, a current ratio of 2.48 and a debt-to-equity ratio of 0.37. Hawkins has a 1-year low of $32.01 and a 1-year high of $47.94.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Thursday, May 23rd. The specialty chemicals company reported $0.35 EPS for the quarter. Hawkins had a net margin of 4.53% and a return on equity of 11.46%. The business had revenue of $133.05 million during the quarter.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 15th.

Hawkins Company Profile

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

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