36,570 Shares in Hamilton Beach Brands Holding Company $HBB Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Hamilton Beach Brands Holding Company (NYSE:HBB) during the 3rd quarter, HoldingsChannel reports. The firm purchased 36,570 shares of the company’s stock, valued at approximately $526,000.

Other large investors also recently made changes to their positions in the company. LSV Asset Management acquired a new position in shares of Hamilton Beach Brands in the 2nd quarter worth approximately $503,000. M&T Bank Corp bought a new stake in Hamilton Beach Brands during the second quarter worth approximately $385,000. American Century Companies Inc. grew its position in Hamilton Beach Brands by 6.5% in the second quarter. American Century Companies Inc. now owns 217,349 shares of the company’s stock worth $3,888,000 after buying an additional 13,347 shares during the last quarter. Jane Street Group LLC acquired a new position in Hamilton Beach Brands in the first quarter worth approximately $245,000. Finally, Empowered Funds LLC increased its holdings in shares of Hamilton Beach Brands by 8.2% in the first quarter. Empowered Funds LLC now owns 47,328 shares of the company’s stock valued at $920,000 after buying an additional 3,588 shares in the last quarter. Institutional investors own 50.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Beach Brands in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hamilton Beach Brands Stock Performance

Hamilton Beach Brands stock opened at $19.59 on Tuesday. Hamilton Beach Brands Holding Company has a fifty-two week low of $12.72 and a fifty-two week high of $21.20. The firm’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $15.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 0.86. The company has a market cap of $263.22 million, a P/E ratio of 8.41 and a beta of 0.18.

Hamilton Beach Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, March 2nd. Hamilton Beach Brands’s payout ratio is 20.60%.

Hamilton Beach Brands declared that its board has authorized a stock repurchase plan on Thursday, November 20th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 13.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.