Charles Schwab Investment Management Inc. Acquires 52,044 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 307.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,997 shares of the company’s stock after purchasing an additional 52,044 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hamilton Beach Brands were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HBB. Nkcfo LLC bought a new position in Hamilton Beach Brands in the third quarter worth approximately $28,000. BNP Paribas Arbitrage SA raised its stake in shares of Hamilton Beach Brands by 345.8% in the third quarter. BNP Paribas Arbitrage SA now owns 1,752 shares of the company’s stock worth $34,000 after purchasing an additional 1,359 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Hamilton Beach Brands in the second quarter worth approximately $132,000. Caption Management LLC purchased a new stake in shares of Hamilton Beach Brands in the second quarter worth approximately $175,000. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Hamilton Beach Brands in the third quarter worth approximately $293,000. Institutional investors own 24.86% of the company’s stock.

Shares of HBB opened at $17.51 on Friday. The company has a market capitalization of $239.64 million, a price-to-earnings ratio of 9.17 and a beta of 1.17. The stock has a 50 day moving average of $18.20 and a 200 day moving average of $17.79. Hamilton Beach Brands Holding has a 12 month low of $6.68 and a 12 month high of $25.00.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Monday, November 16th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.71). The business had revenue of $110.55 million for the quarter. Hamilton Beach Brands had a net margin of 4.52% and a return on equity of 45.54%. Sell-side analysts anticipate that Hamilton Beach Brands Holding will post 1.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, November 30th. Hamilton Beach Brands’s payout ratio is 20.77%.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Hamilton Beach Brands from a “hold” rating to a “sell” rating in a research note on Friday, November 6th. TheStreet downgraded Hamilton Beach Brands from a “b-” rating to a “c+” rating in a research note on Monday, November 30th. Finally, ValuEngine downgraded Hamilton Beach Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 3rd.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.

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

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