Insider Selling: Hamilton Beach Brands (NYSE:HBB) CFO Sells 3,000 Shares

Hamilton Beach Brands Holding Company (NYSE:HBB) CFO Sarah Cunningham sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00. Following the completion of the transaction, the chief financial officer owned 39,430 shares in the company, valued at $1,281,475. This represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hamilton Beach Brands Trading Down 3.0%

HBB traded down $0.98 during trading on Friday, reaching $31.39. 66,984 shares of the company’s stock were exchanged, compared to its average volume of 89,289. The company’s fifty day moving average price is $25.70 and its 200-day moving average price is $21.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 3.13. Hamilton Beach Brands Holding Company has a fifty-two week low of $13.56 and a fifty-two week high of $34.26. The firm has a market capitalization of $421.88 million, a PE ratio of 7.39 and a beta of 0.23.

Hamilton Beach Brands (NYSE:HBB) last issued its earnings results on Wednesday, August 5th. The company reported $2.49 EPS for the quarter, beating the consensus estimate of $0.16 by $2.33. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%. The company had revenue of $142.63 million during the quarter, compared to analysts’ expectations of $142.63 million.

Hamilton Beach Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.50 annualized dividend and a yield of 1.6%. Hamilton Beach Brands’s dividend payout ratio is presently 11.76%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in shares of Hamilton Beach Brands by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 467,479 shares of the company’s stock worth $6,718,000 after acquiring an additional 20,586 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Hamilton Beach Brands by 4.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 340,471 shares of the company’s stock valued at $5,601,000 after purchasing an additional 13,098 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of Hamilton Beach Brands by 16.5% in the 1st quarter. North Star Investment Management Corp. now owns 190,600 shares of the company’s stock valued at $3,612,000 after purchasing an additional 26,949 shares during the period. State Street Corp grew its position in shares of Hamilton Beach Brands by 1.2% in the 4th quarter. State Street Corp now owns 130,005 shares of the company’s stock valued at $2,139,000 after purchasing an additional 1,557 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in Hamilton Beach Brands by 5.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 118,464 shares of the company’s stock worth $1,702,000 after purchasing an additional 6,564 shares in the last quarter. 50.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Hamilton Beach Brands from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hamilton Beach Brands currently has an average rating of “Buy”.

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.