Empowered Funds LLC Boosts Stock Position in Hamilton Beach Brands Holding (NYSE:HBB)

Empowered Funds LLC increased its holdings in Hamilton Beach Brands Holding (NYSE:HBB) by 60.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 41,657 shares of the company’s stock after purchasing an additional 15,745 shares during the quarter. Empowered Funds LLC’s holdings in Hamilton Beach Brands were worth $1,268,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HBB. American Century Companies Inc. grew its position in Hamilton Beach Brands by 101.9% in the second quarter. American Century Companies Inc. now owns 118,355 shares of the company’s stock worth $2,035,000 after acquiring an additional 59,726 shares during the period. O Shaughnessy Asset Management LLC grew its position in Hamilton Beach Brands by 146.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 68,183 shares of the company’s stock worth $1,661,000 after acquiring an additional 40,474 shares during the period. Acadian Asset Management LLC grew its position in Hamilton Beach Brands by 35.3% in the second quarter. Acadian Asset Management LLC now owns 121,804 shares of the company’s stock worth $2,090,000 after acquiring an additional 31,762 shares during the period. Bank of New York Mellon Corp grew its position in Hamilton Beach Brands by 34.2% in the second quarter. Bank of New York Mellon Corp now owns 91,315 shares of the company’s stock worth $1,570,000 after acquiring an additional 23,280 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in Hamilton Beach Brands in the second quarter worth approximately $356,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Stock Performance

Shares of Hamilton Beach Brands stock opened at $19.45 on Friday. The stock has a 50 day moving average of $27.28 and a 200 day moving average of $23.37. Hamilton Beach Brands Holding has a fifty-two week low of $13.92 and a fifty-two week high of $31.78. The firm has a market capitalization of $266.56 million, a price-to-earnings ratio of 10.63 and a beta of 0.94.

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

Hamilton Beach Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, December 2nd. Hamilton Beach Brands’s dividend payout ratio (DPR) is 24.47%.

About Hamilton Beach Brands

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.