Hillsdale Investment Management Inc. Sells 85,939 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Hillsdale Investment Management Inc. lessened its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 77.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,661 shares of the company’s stock after selling 85,939 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.19% of Hamilton Beach Brands worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in shares of Hamilton Beach Brands by 310.3% in the third quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company’s stock valued at $239,000 after purchasing an additional 5,952 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Hamilton Beach Brands by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 5,074 shares of the company’s stock valued at $154,000 after buying an additional 2,859 shares during the period. Walleye Capital LLC acquired a new stake in shares of Hamilton Beach Brands in the 3rd quarter valued at $306,000. Jane Street Group LLC bought a new stake in shares of Hamilton Beach Brands during the third quarter worth $219,000. Finally, Barclays PLC lifted its stake 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 valued at $491,000 after acquiring an additional 7,125 shares during the period. 50.55% of the stock is owned by institutional investors.

Hamilton Beach Brands Stock Up 1.5 %

Shares of HBB stock opened at $19.98 on Tuesday. The firm has a market cap of $270.08 million, a price-to-earnings ratio of 10.63 and a beta of 0.71. Hamilton Beach Brands Holding has a 12 month low of $14.34 and a 12 month high of $31.78. The stock has a 50-day moving average price of $18.07 and a 200 day moving average price of $21.54.

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

Hamilton Beach Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend 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.