60,000 Shares in The Hain Celestial Group, Inc. $HAIN Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC acquired a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 60,000 shares of the company’s stock, valued at approximately $91,000. Quinn Opportunity Partners LLC owned about 0.07% of The Hain Celestial Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after buying an additional 4,360 shares during the period. Brooklyn Investment Group boosted its stake in The Hain Celestial Group by 6,315.1% during the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock worth $53,000 after acquiring an additional 12,567 shares during the last quarter. State of Wyoming bought a new stake in The Hain Celestial Group in the first quarter valued at approximately $63,000. CWM LLC raised its holdings in The Hain Celestial Group by 106.8% in the first quarter. CWM LLC now owns 15,493 shares of the company’s stock worth $64,000 after purchasing an additional 8,000 shares during the period. Finally, Cerity Partners LLC increased its position in shares of The Hain Celestial Group by 50.8% in the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company’s stock valued at $69,000 after buying an additional 5,625 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Alison Lewis purchased 44,895 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the transaction, the chief executive officer owned 74,895 shares of the company’s stock, valued at approximately $112,342.50. This trade represents a 149.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Neil Campbell acquired 62,640 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of $1.52 per share, with a total value of $95,212.80. Following the transaction, the director directly owned 125,569 shares of the company’s stock, valued at $190,864.88. This trade represents a 99.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 137,535 shares of company stock valued at $207,255. Corporate insiders own 1.71% of the company’s stock.

The Hain Celestial Group Trading Up 11.8%

Shares of NASDAQ:HAIN opened at $1.42 on Thursday. The business has a 50 day moving average of $1.48 and a 200-day moving average of $1.70. The stock has a market cap of $128.22 million, a PE ratio of -0.24 and a beta of 0.80. The Hain Celestial Group, Inc. has a 12-month low of $1.01 and a 12-month high of $8.85. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The firm had revenue of $367.88 million for the quarter, compared to the consensus estimate of $361.09 million. As a group, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HAIN. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Tuesday, October 14th. Mizuho dropped their price objective on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Stephens lowered The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. Finally, Barclays lowered their price objective on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $2.76.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.