Janney Montgomery Scott LLC Increases Stake in Hamilton Beach Brands Holding (NYSE:HBB)

Janney Montgomery Scott LLC grew its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 24.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,296 shares of the company’s stock after purchasing an additional 10,439 shares during the period. Janney Montgomery Scott LLC’s holdings in Hamilton Beach Brands were worth $1,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of Hamilton Beach Brands by 4,150.3% in the 1st 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 Hamilton Beach Brands in the second quarter valued at approximately $178,000. Sei Investments Co. acquired a new stake in Hamilton Beach Brands in the second quarter valued at approximately $181,000. WINTON GROUP Ltd purchased a new stake in shares of Hamilton Beach Brands in the second quarter valued at approximately $204,000. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Hamilton Beach Brands during the 2nd quarter worth approximately $356,000. Institutional investors and hedge funds own 50.55% of the company’s stock.

Hamilton Beach Brands Stock Performance

Hamilton Beach Brands stock opened at $20.57 on Friday. The stock has a market capitalization of $281.91 million, a P/E ratio of 10.95 and a beta of 0.94. The company’s fifty day moving average price is $28.21 and its 200 day moving average price is $23.45. Hamilton Beach Brands Holding has a 1 year low of $13.55 and a 1 year high of $31.78.

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

Hamilton Beach Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.115 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.46 annualized dividend and a yield of 2.24%. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 24.47%.

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.