Denali Advisors LLC Buys 7,500 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Denali Advisors LLC boosted its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 50.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,500 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Denali Advisors LLC owned approximately 0.16% of Hamilton Beach Brands worth $548,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HBB. Hillsdale Investment Management Inc. purchased a new stake in Hamilton Beach Brands during the fourth quarter valued at $1,415,000. Russell Investments Group Ltd. lifted its stake in shares of Hamilton Beach Brands by 29.0% in the 4th quarter. Russell Investments Group Ltd. now owns 23,664 shares of the company’s stock worth $414,000 after purchasing an additional 5,319 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of Hamilton Beach Brands in the third quarter worth approximately $191,000. Ritholtz Wealth Management bought a new stake in Hamilton Beach Brands during the fourth quarter valued at approximately $210,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Hamilton Beach Brands during the third quarter valued at approximately $133,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Stock Up 1.9 %

HBB opened at $16.88 on Thursday. Hamilton Beach Brands Holding has a 1-year low of $9.39 and a 1-year high of $25.24. The firm’s 50 day simple moving average is $18.96 and its two-hundred day simple moving average is $19.55. The company has a current ratio of 2.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $238.85 million, a PE ratio of 8.15 and a beta of 0.93.

Hamilton Beach Brands (NYSE:HBB) last announced its earnings results on Tuesday, May 7th. The company reported ($0.08) EPS for the quarter. Hamilton Beach Brands had a return on equity of 21.42% and a net margin of 4.61%. The company had revenue of $128.28 million during the quarter.

Hamilton Beach Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.73%. Hamilton Beach Brands’s payout ratio is 22.22%.

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.