Hamilton Beach Brands Holding Company $HBB Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its holdings in shares of Hamilton Beach Brands Holding Company (NYSE:HBB) by 34.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 165,651 shares of the company’s stock after selling 87,949 shares during the period. North Star Investment Management Corp.’s holdings in Hamilton Beach Brands were worth $2,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HBB. LSV Asset Management bought a new stake in shares of Hamilton Beach Brands in the 2nd quarter worth about $503,000. Strs Ohio bought a new stake in Hamilton Beach Brands in the first quarter valued at about $369,000. Ritholtz Wealth Management lifted its holdings in Hamilton Beach Brands by 49.2% during the 2nd quarter. Ritholtz Wealth Management now owns 26,670 shares of the company’s stock worth $477,000 after buying an additional 8,800 shares during the last quarter. Bailard Inc. grew its position in shares of Hamilton Beach Brands by 25.6% in the 2nd quarter. Bailard Inc. now owns 14,403 shares of the company’s stock worth $258,000 after acquiring an additional 2,939 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Hamilton Beach Brands by 4.4% in the 2nd quarter. Lazard Asset Management LLC now owns 39,507 shares of the company’s stock valued at $706,000 after acquiring an additional 1,653 shares during the last quarter. Institutional investors own 50.55% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Beach Brands in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Hamilton Beach Brands Stock Up 1.2%

Shares of Hamilton Beach Brands stock opened at $16.19 on Tuesday. The stock has a market capitalization of $217.66 million, a price-to-earnings ratio of 6.95 and a beta of 0.16. Hamilton Beach Brands Holding Company has a twelve month low of $12.72 and a twelve month high of $21.20. The company has a current ratio of 2.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $15.43 and its 200-day simple moving average is $15.56.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter. Hamilton Beach Brands had a return on equity of 19.42% and a net margin of 5.25%.The business had revenue of $132.78 million during the quarter.

Hamilton Beach Brands declared that its board has approved a stock repurchase program on Thursday, November 20th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to reacquire up to 13.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Hamilton Beach Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. Hamilton Beach Brands’s dividend payout ratio is currently 20.60%.

Hamilton Beach Brands Profile

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.