Hillsdale Investment Management Inc. Has $432,000 Holdings in Hamilton Beach Brands Holding (NYSE:HBB)

Hillsdale Investment Management Inc. trimmed its holdings in Hamilton Beach Brands Holding (NYSE:HBB) by 77.0% in the fourth quarter, Holdings Channel reports. The fund owned 25,661 shares of the company’s stock after selling 85,939 shares during the period. Hillsdale Investment Management Inc.’s holdings in Hamilton Beach Brands were worth $432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Hamilton Beach Brands by 65.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 48,932 shares of the company’s stock valued at $824,000 after purchasing an additional 19,382 shares during the period. Jane Street Group LLC acquired a new position in shares of Hamilton Beach Brands in the third quarter valued at approximately $219,000. Barclays PLC increased its position in shares of Hamilton Beach Brands by 79.3% during the third quarter. Barclays PLC now owns 16,112 shares of the company’s stock worth $491,000 after acquiring an additional 7,125 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Hamilton Beach Brands by 310.3% during the third quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company’s stock worth $239,000 after acquiring an additional 5,952 shares during the period. Finally, Empowered Funds LLC lifted its position in Hamilton Beach Brands by 5.0% in the 4th quarter. Empowered Funds LLC now owns 43,740 shares of the company’s stock valued at $736,000 after acquiring an additional 2,083 shares in the last quarter. 50.55% of the stock is owned by institutional investors and hedge funds.

Hamilton Beach Brands Trading Up 1.5 %

HBB stock opened at $19.98 on Tuesday. The stock has a 50-day moving average price of $18.07 and a two-hundred day moving average price of $21.54. Hamilton Beach Brands Holding has a 1 year low of $14.34 and a 1 year high of $31.78. The stock has a market cap of $270.08 million, a PE ratio of 10.63 and a beta of 0.71.

Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.75 earnings per share (EPS) for the quarter. Hamilton Beach Brands had a return on equity of 17.90% and a net margin of 4.06%. The business had revenue of $213.51 million during the quarter.

Hamilton Beach Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, March 3rd. Hamilton Beach Brands’s payout ratio is 20.63%.

Hamilton Beach Brands 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.