GSA Capital Partners LLP Acquires New Shares in Hamilton Beach Brands Holding Company $HBB

GSA Capital Partners LLP bought a new position in Hamilton Beach Brands Holding Company (NYSE:HBB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,570 shares of the company’s stock, valued at approximately $526,000. GSA Capital Partners LLP owned 0.27% of Hamilton Beach Brands at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of 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 worth $50,000 after acquiring an additional 2,091 shares during the last quarter. Osaic Holdings Inc. grew its position in Hamilton Beach Brands by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock worth $103,000 after purchasing an additional 757 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Hamilton Beach Brands in the first quarter valued at approximately $245,000. Bailard Inc. increased its stake in shares of Hamilton Beach Brands by 25.6% in the second quarter. Bailard Inc. now owns 14,403 shares of the company’s stock valued at $258,000 after purchasing an additional 2,939 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Hamilton Beach Brands by 4.0% during the second quarter. First Trust Advisors LP now owns 18,898 shares of the company’s stock valued at $338,000 after buying an additional 729 shares during the last quarter. 50.55% of the stock is currently owned by institutional investors.

Hamilton Beach Brands Trading Down 0.3%

Shares of NYSE:HBB opened at $19.59 on Tuesday. The company has a 50 day moving average of $18.27 and a 200-day moving average of $15.96. The company has a current ratio of 2.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm has a market cap of $263.22 million, a P/E ratio of 8.41 and a beta of 0.18. Hamilton Beach Brands Holding Company has a twelve month low of $12.72 and a twelve month high of $21.20.

Hamilton Beach Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, March 2nd. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 20.60%.

Hamilton Beach Brands announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 20th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to reacquire up to 13.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Beach Brands in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Hamilton Beach Brands Profile

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.