Hamilton Beach Brands Holding (NYSE:HBB) Short Interest Up 24.3% in October

Hamilton Beach Brands Holding (NYSE:HBB) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 270,400 shares, an increase of 24.3% from the September 30th total of 217,500 shares. Based on an average trading volume of 56,200 shares, the short-interest ratio is currently 4.8 days. Approximately 4.2% of the company’s stock are sold short.

Hamilton Beach Brands Trading Up 3.3 %

NYSE:HBB traded up $0.98 during trading hours on Wednesday, reaching $31.01. The company had a trading volume of 25,257 shares, compared to its average volume of 54,708. The firm’s 50 day moving average price is $29.35 and its 200-day moving average price is $23.37. The firm has a market cap of $438.67 million, a price-to-earnings ratio of 14.74 and a beta of 0.94. Hamilton Beach Brands has a 52 week low of $11.85 and a 52 week high of $31.78.

Hamilton Beach Brands (NYSE:HBB) last issued its earnings results on Wednesday, July 31st. The company reported $0.42 earnings per share for the quarter. The company had revenue of $156.24 million during the quarter. Hamilton Beach Brands had a net margin of 5.39% and a return on equity of 24.54%.

Hamilton Beach Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a $0.115 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 1.48%. Hamilton Beach Brands’s dividend payout ratio (DPR) is 22.22%.

Institutional Investors Weigh In On Hamilton Beach Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in shares of Hamilton Beach Brands by 4,150.3% in the first quarter. Lazard Asset Management LLC now owns 8,033 shares of the company’s stock valued at $195,000 after purchasing an additional 7,844 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Hamilton Beach Brands in the 2nd quarter valued at about $178,000. Sei Investments Co. purchased a new stake in shares of Hamilton Beach Brands in the second quarter valued at about $181,000. WINTON GROUP Ltd purchased a new stake in shares of Hamilton Beach Brands in the second quarter valued at about $204,000. Finally, Privium Fund Management UK Ltd purchased a new position in Hamilton Beach Brands in the second quarter valued at about $356,000. 50.55% of the stock is currently owned by institutional investors and hedge funds.

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 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.