Hamilton Beach Brands Holding Co (NYSE:HBB) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in Hamilton Beach Brands Holding Co (NYSE:HBB) by 61.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,500 shares of the company’s stock after selling 12,135 shares during the period. Russell Investments Group Ltd.’s holdings in Hamilton Beach Brands were worth $122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBB. FMR LLC raised its stake in shares of Hamilton Beach Brands by 29.3% in the 1st quarter. FMR LLC now owns 617,836 shares of the company’s stock valued at $13,259,000 after purchasing an additional 139,947 shares in the last quarter. AXA bought a new stake in Hamilton Beach Brands in the second quarter valued at about $747,000. Uniplan Investment Counsel Inc. raised its stake in Hamilton Beach Brands by 28.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 158,830 shares of the company’s stock valued at $3,025,000 after buying an additional 35,651 shares in the last quarter. Zuckerman Investment Group LLC raised its stake in Hamilton Beach Brands by 2.9% during the second quarter. Zuckerman Investment Group LLC now owns 804,485 shares of the company’s stock valued at $15,325,000 after buying an additional 23,009 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Hamilton Beach Brands by 3.1% during the 2nd quarter. BlackRock Inc. now owns 526,319 shares of the company’s stock worth $10,025,000 after buying an additional 15,879 shares during the last quarter. 33.46% of the stock is owned by institutional investors.

Shares of HBB opened at $18.94 on Friday. The business’s fifty day moving average price is $18.95 and its 200 day moving average price is $16.95. Hamilton Beach Brands Holding Co has a 12-month low of $12.60 and a 12-month high of $29.35. The stock has a market capitalization of $265.73 million, a PE ratio of 11.91 and a beta of 0.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.50.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.43). The business had revenue of $169.78 million during the quarter, compared to analyst estimates of $191.40 million. Hamilton Beach Brands had a return on equity of 24.14% and a net margin of 1.80%. As a group, research analysts anticipate that Hamilton Beach Brands Holding Co will post 1.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.90%. Hamilton Beach Brands’s payout ratio is currently 22.64%.

Separately, Zacks Investment Research lowered Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

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 Hamilton Beach Commercial and Proctor Silex Commercial brands.

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

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