Hamilton Beach Brands (NYSE:HBB) Trading Down 0.5% – Here’s Why

Hamilton Beach Brands Holding Company (NYSE:HBB) was down 0.5% on Monday . The stock traded as low as $15.62 and last traded at $15.8340. Approximately 59,662 shares were traded during mid-day trading, an increase of 131% from the average daily volume of 25,812 shares. The stock had previously closed at $15.91.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Hamilton Beach Brands in a report on Monday, December 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hamilton Beach Brands has a consensus rating of “Hold”.

Hamilton Beach Brands Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 2.15. The firm has a market capitalization of $212.81 million, a P/E ratio of 6.80 and a beta of 0.15. The business has a fifty day moving average of $15.20 and a 200-day moving average of $15.64.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $132.78 million during the quarter. Hamilton Beach Brands had a return on equity of 19.42% and a net margin of 5.25%.

Hamilton Beach Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, December 1st. Hamilton Beach Brands’s payout ratio is 20.60%.

Hamilton Beach Brands announced that its Board of Directors has authorized a share repurchase program on Thursday, November 20th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 13.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Hamilton Beach Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in Hamilton Beach Brands by 4.0% in the second quarter. First Trust Advisors LP now owns 18,898 shares of the company’s stock worth $338,000 after purchasing an additional 729 shares during the period. Osaic Holdings Inc. increased its position in shares of Hamilton Beach Brands by 15.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock valued at $103,000 after purchasing an additional 757 shares during the period. North Star Investment Management Corp. raised its stake in shares of Hamilton Beach Brands by 0.4% in the 2nd quarter. North Star Investment Management Corp. now owns 253,600 shares of the company’s stock worth $4,537,000 after buying an additional 1,000 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Hamilton Beach Brands by 4.4% in the second quarter. Lazard Asset Management LLC now owns 39,507 shares of the company’s stock valued at $706,000 after buying an additional 1,653 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Hamilton Beach Brands by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $50,000 after buying an additional 2,091 shares in the last quarter. Institutional investors own 50.55% of the company’s stock.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company is a designer, marketer and distributor of branded small kitchen and household appliances. The company’s product portfolio spans a range of countertop and electric appliances, including blenders, mixers, toasters, coffeemakers, slow cookers, air fryers, and specialty beverage machines. Through the Hamilton Beach and Proctor-Silex brands, the company serves both everyday consumers and commercial foodservice operators.

Established in 1910, Hamilton Beach has introduced a number of innovations in small-appliance technology, from early electric drink mixers to modern immersion blenders and multi-function cookers.