Grace & White Inc. NY Purchases 10,000 Shares of The Hain Celestial Group, Inc. $HAIN

Grace & White Inc. NY lifted its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 35.7% during the 2nd quarter, Holdings Channel reports. The firm owned 38,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Grace & White Inc. NY’s holdings in The Hain Celestial Group were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of The Hain Celestial Group by 174.5% in the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after purchasing an additional 4,360 shares during the last quarter. Wedmont Private Capital purchased a new stake in The Hain Celestial Group in the first quarter worth $52,000. Brooklyn Investment Group lifted its stake in The Hain Celestial Group by 6,315.1% in the first 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 period. Byrne Asset Management LLC lifted its stake in The Hain Celestial Group by 240.0% in the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock worth $56,000 after acquiring an additional 9,599 shares during the period. Finally, State of Wyoming purchased a new stake in The Hain Celestial Group in the first quarter worth $63,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $1.34 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $120.99 million, a P/E ratio of -0.23 and a beta of 0.82. The business has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $2.06. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $363.35 million during the quarter, compared to analysts’ expectations of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The Hain Celestial Group’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. On average, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HAIN. Barclays dropped their price target on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of The Hain Celestial Group in a research note on Saturday, September 27th. Zacks Research lowered The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 17th. Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, Stephens lowered The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Reduce” and an average price target of $3.28.

Insider Activity

In related news, CEO Alison Lewis purchased 44,895 shares of the stock in a transaction dated Friday, September 19th. The stock was purchased at an average price of $1.50 per share, with a total value of $67,342.50. Following the transaction, the chief executive officer directly owned 74,895 shares in the company, valued at $112,342.50. This trade represents a 149.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil Campbell purchased 62,640 shares of the stock in a transaction dated Friday, September 19th. The stock was bought at an average cost of $1.52 per share, with a total value of $95,212.80. Following the transaction, the director owned 125,569 shares in the company, valued at $190,864.88. The trade was a 99.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 137,535 shares of company stock valued at $207,255. 1.71% of the stock is owned by insiders.

The Hain Celestial Group Profile

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.