Hillsdale Investment Management Inc. Boosts Holdings in Hamilton Beach Brands Holding (NYSE:HBB)

Hillsdale Investment Management Inc. increased its stake in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 39.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,900 shares of the company’s stock after buying an additional 32,000 shares during the period. Hillsdale Investment Management Inc. owned about 0.81% of Hamilton Beach Brands worth $2,750,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HBB. Citigroup Inc. bought a new position in Hamilton Beach Brands during the third quarter worth about $29,000. Russell Investments Group Ltd. boosted its position in shares of Hamilton Beach Brands by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 27,059 shares of the company’s stock valued at $659,000 after acquiring an additional 3,395 shares during the period. Denali Advisors LLC boosted its position in shares of Hamilton Beach Brands by 50.0% in the first quarter. Denali Advisors LLC now owns 22,500 shares of the company’s stock valued at $548,000 after acquiring an additional 7,500 shares during the period. Ritholtz Wealth Management bought a new position in shares of Hamilton Beach Brands in the fourth quarter valued at approximately $210,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Hamilton Beach Brands in the first quarter valued at approximately $994,000. Hedge funds and other institutional investors own 50.55% of the company’s stock.

Hamilton Beach Brands Price Performance

Shares of HBB stock traded up $0.68 during trading hours on Monday, reaching $20.08. The stock had a trading volume of 49,952 shares, compared to its average volume of 54,817. The stock’s fifty day simple moving average is $18.10 and its 200 day simple moving average is $19.68. The company has a current ratio of 2.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. Hamilton Beach Brands Holding has a 12 month low of $9.49 and a 12 month high of $25.24. The firm has a market capitalization of $284.13 million, a PE ratio of 9.70 and a beta of 0.93.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $128.28 million during the quarter. Hamilton Beach Brands had a net margin of 4.61% and a return on equity of 21.42%.

Hamilton Beach Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.115 dividend. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, May 31st. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 22.22%.

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.