Hamilton Beach Brands (NYSE:HBB) Stock Price Down 2% – Should You Sell?

Shares of Hamilton Beach Brands Holding Company (NYSE:HBB) fell 2% during mid-day trading on Monday . The stock traded as low as $22.00 and last traded at $22.61. Approximately 21,976 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 46,504 shares. The stock had previously closed at $23.08.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Hamilton Beach Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Hamilton Beach Brands Price Performance

The business’s fifty day moving average is $20.51 and its 200-day moving average is $19.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.98 and a quick ratio of 1.61. The firm has a market cap of $301.13 million, a PE ratio of 10.64 and a beta of 0.21.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. Hamilton Beach Brands had a net margin of 4.73% and a return on equity of 16.21%. The business had revenue of $121.96 million for the quarter, compared to analyst estimates of $121.96 million.

Hamilton Beach Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were issued a $0.125 dividend. This is a boost from Hamilton Beach Brands’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Hamilton Beach Brands’s payout ratio is presently 23.92%.

Hedge Funds Weigh In On Hamilton Beach Brands

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in shares of Hamilton Beach Brands in the third quarter valued at $606,000. North Star Investment Management Corp. grew its stake in shares of Hamilton Beach Brands by 16.5% during the 1st quarter. North Star Investment Management Corp. now owns 190,600 shares of the company’s stock worth $3,612,000 after acquiring an additional 26,949 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Hamilton Beach Brands by 4.6% during the 3rd 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 during the period. Bailard Inc. purchased a new stake in Hamilton Beach Brands in the 4th quarter worth about $284,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in Hamilton Beach Brands by 4.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 340,471 shares of the company’s stock worth $5,601,000 after acquiring an additional 13,098 shares during the last quarter. 50.55% of the stock is owned by institutional investors.

Hamilton Beach Brands Company 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.