Insider Selling: Hamilton Beach Brands (NYSE:HBB) CFO Sells $97,500.00 in Stock

Hamilton Beach Brands Holding Company (NYSE:HBB) CFO Sarah Cunningham sold 3,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.50, for a total transaction of $97,500.00. Following the completion of the sale, the chief financial officer owned 39,430 shares in the company, valued at approximately $1,281,475. The trade was a 7.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hamilton Beach Brands Stock Down 0.2%

HBB opened at $31.39 on Monday. The company has a market capitalization of $421.88 million, a PE ratio of 7.39 and a beta of 0.23. The firm has a 50-day simple moving average of $25.70 and a two-hundred day simple moving average of $21.44. The company has a quick ratio of 2.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.23. Hamilton Beach Brands Holding Company has a 52 week low of $13.56 and a 52 week high of $34.26.

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

Hamilton Beach Brands Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of 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 Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Hamilton Beach Brands

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Hamilton Beach Brands during the second quarter worth $2,130,000. Citadel Advisors LLC bought a new position in shares of Hamilton Beach Brands in the third quarter worth about $606,000. North Star Investment Management Corp. increased its stake in 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 worth $3,612,000 after buying an additional 26,949 shares during the period. Ameriprise Financial Inc. increased its stake in Hamilton Beach Brands by 4.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 467,479 shares of the company’s stock worth $6,718,000 after buying an additional 20,586 shares during the period. Finally, Bailard Inc. bought a new stake in Hamilton Beach Brands during the 4th quarter valued at about $284,000. Institutional investors own 50.55% of the company’s stock.

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.