Connor Clark & Lunn Investment Management Ltd. Reduces Position in Hamilton Beach Brands Holding (NYSE:HBB)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Hamilton Beach Brands Holding (NYSE:HBB) by 51.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,083 shares of the company’s stock after selling 8,708 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hamilton Beach Brands were worth $246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D Orazio & Associates Inc. purchased a new position in Hamilton Beach Brands in the 3rd quarter worth approximately $242,000. XTX Topco Ltd purchased a new position in Hamilton Beach Brands during the second quarter worth approximately $178,000. Sei Investments Co. acquired a new position in Hamilton Beach Brands during the second quarter worth $181,000. WINTON GROUP Ltd purchased a new stake in Hamilton Beach Brands in the 2nd quarter valued at $204,000. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Hamilton Beach Brands in the 2nd quarter worth $356,000. 50.55% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Beach Brands Stock Down 2.2 %

NYSE HBB opened at $19.37 on Monday. Hamilton Beach Brands Holding has a 52 week low of $14.34 and a 52 week high of $31.78. The business’s fifty day simple moving average is $26.12 and its 200-day simple moving average is $23.35. The firm has a market cap of $265.37 million, a PE ratio of 10.30 and a beta of 0.94.

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

Hamilton Beach Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.115 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.46 annualized dividend and a yield of 2.37%. Hamilton Beach Brands’s payout ratio is 24.47%.

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.