Short Interest in Hamilton Beach Brands Holding (NYSE:HBB) Expands By 10.7%

Hamilton Beach Brands Holding (NYSE:HBB) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 262,900 shares, an increase of 10.7% from the November 30th total of 237,400 shares. Based on an average daily trading volume, of 57,800 shares, the short-interest ratio is currently 4.5 days. Approximately 4.3% of the company’s shares are sold short.

Hamilton Beach Brands Stock Performance

HBB stock traded up $0.23 during midday trading on Wednesday, hitting $16.83. 189,965 shares of the company’s stock were exchanged, compared to its average volume of 56,278. Hamilton Beach Brands has a one year low of $14.34 and a one year high of $31.78. The stock’s fifty day moving average price is $20.64 and its 200-day moving average price is $23.19. The company has a market cap of $230.66 million, a PE ratio of 8.95 and a beta of 0.84.

Hamilton Beach Brands (NYSE:HBB) last announced its earnings results on Wednesday, October 30th. The company reported $0.14 EPS for the quarter. Hamilton Beach Brands had a net margin of 4.06% and a return on equity of 17.90%. The firm had revenue of $156.67 million for the quarter.

Hamilton Beach Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.73%. The ex-dividend date was Monday, December 2nd. Hamilton Beach Brands’s payout ratio is 24.47%.

Institutional Investors Weigh In On Hamilton Beach Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Hamilton Beach Brands by 79.3% in the third quarter. Barclays PLC now owns 16,112 shares of the company’s stock valued at $491,000 after purchasing an additional 7,125 shares in the last quarter. Jane Street Group LLC bought a new stake in Hamilton Beach Brands in the third quarter valued at approximately $219,000. Walleye Capital LLC acquired a new stake in Hamilton Beach Brands during the 3rd quarter valued at $306,000. MetLife Investment Management LLC increased its holdings in shares of Hamilton Beach Brands by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,074 shares of the company’s stock valued at $154,000 after purchasing an additional 2,859 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Hamilton Beach Brands by 310.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company’s stock worth $239,000 after buying an additional 5,952 shares during the period. 50.55% of the stock is owned by institutional investors.

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.