North Star Investment Management Corp. Has $3.61 Million Holdings in Hamilton Beach Brands Holding Company $HBB

North Star Investment Management Corp. raised its holdings in shares of Hamilton Beach Brands Holding Company (NYSE:HBB) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,600 shares of the company’s stock after acquiring an additional 26,949 shares during the quarter. North Star Investment Management Corp.’s holdings in Hamilton Beach Brands were worth $3,612,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of Hamilton Beach Brands by 4.0% in the second quarter. First Trust Advisors LP now owns 18,898 shares of the company’s stock worth $338,000 after purchasing an additional 729 shares in the last quarter. Deutsche Bank AG grew its position in Hamilton Beach Brands by 14.1% during the fourth quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock valued at $98,000 after purchasing an additional 733 shares in the last quarter. Osaic Holdings Inc. increased its stake in Hamilton Beach Brands by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock valued at $103,000 after buying an additional 757 shares during the period. Barclays PLC increased its stake in Hamilton Beach Brands by 4.3% in the 4th quarter. Barclays PLC now owns 19,930 shares of the company’s stock valued at $328,000 after buying an additional 830 shares during the period. Finally, State Street Corp lifted its position in Hamilton Beach Brands by 1.2% in the 4th quarter. State Street Corp now owns 130,005 shares of the company’s stock worth $2,139,000 after buying an additional 1,557 shares in the last quarter. Institutional investors and hedge funds own 50.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hamilton Beach Brands Stock Performance

Shares of HBB stock opened at $20.92 on Monday. Hamilton Beach Brands Holding Company has a fifty-two week low of $12.72 and a fifty-two week high of $21.84. The stock’s 50-day moving average is $19.92 and its two-hundred day moving average is $18.76. 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 $283.44 million, a P/E ratio of 10.01 and a beta of 0.22.

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

Hamilton Beach Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. This is a boost from Hamilton Beach Brands’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 1st. Hamilton Beach Brands’s dividend payout ratio is presently 23.92%.

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.