Hamilton Beach Brands Holding (NYSE:HBB) Sees Large Growth in Short Interest

Hamilton Beach Brands Holding (NYSE:HBB) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 284,800 shares, an increase of 8.3% from the December 15th total of 262,900 shares. Currently, 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,600 shares, the short-interest ratio is presently 5.2 days.

Hamilton Beach Brands Price Performance

Shares of NYSE HBB traded down $0.02 during mid-day trading on Monday, hitting $17.48. 66,490 shares of the stock traded hands, compared to its average volume of 45,965. The company has a market cap of $239.48 million, a PE ratio of 9.30 and a beta of 0.87. Hamilton Beach Brands has a twelve month low of $14.34 and a twelve month high of $31.78. The firm has a 50 day simple moving average of $18.05 and a two-hundred day simple moving average of $23.16.

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

Hamilton Beach Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, December 2nd. Hamilton Beach Brands’s payout ratio is currently 24.47%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HBB. Barclays PLC increased its holdings in Hamilton Beach Brands by 79.3% during the 3rd quarter. Barclays PLC now owns 16,112 shares of the company’s stock worth $491,000 after purchasing an additional 7,125 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Hamilton Beach Brands in the third quarter valued at approximately $219,000. Walleye Capital LLC purchased a new stake in shares of Hamilton Beach Brands during the third quarter worth $306,000. MetLife Investment Management LLC raised its stake in shares of Hamilton Beach Brands by 129.1% during the 3rd 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 period. Finally, BNP Paribas Financial Markets grew its holdings in Hamilton Beach Brands by 310.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company’s stock valued at $239,000 after buying an additional 5,952 shares in the last quarter. Institutional investors and hedge funds own 50.55% of the company’s stock.

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.