Short Interest in Hamilton Beach Brands Holding (NYSE:HBB) Declines By 5.7%

Hamilton Beach Brands Holding (NYSE:HBB – Get Rating) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 135,200 shares, a decrease of 5.7% from the February 13th total of 143,300 shares. Based on an average daily volume of 12,800 shares, the short-interest ratio is presently 10.6 days. Approximately 2.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Hamilton Beach Brands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Hamilton Beach Brands by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 57,441 shares of the company’s stock worth $670,000 after purchasing an additional 1,723 shares during the last quarter. State Street Corp increased its position in shares of Hamilton Beach Brands by 1.7% in the first quarter. State Street Corp now owns 145,945 shares of the company’s stock worth $1,697,000 after acquiring an additional 2,455 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of Hamilton Beach Brands in the third quarter worth $47,000. Charles Schwab Investment Management Inc. increased its position in shares of Hamilton Beach Brands by 30.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 20,421 shares of the company’s stock worth $238,000 after acquiring an additional 4,748 shares in the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Hamilton Beach Brands in the first quarter worth $83,000. Institutional investors and hedge funds own 30.31% of the company’s stock.

Hamilton Beach Brands Stock Performance

Shares of HBB stock opened at $10.47 on Friday. Hamilton Beach Brands has a one year low of $9.18 and a one year high of $14.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.27 and a current ratio of 2.80. The company has a 50 day moving average price of $12.61 and a 200 day moving average price of $12.61. The firm has a market capitalization of $145.32 million, a price-to-earnings ratio of 5.78 and a beta of 0.76.

Hamilton Beach Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, March 3rd were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, March 2nd. Hamilton Beach Brands’s dividend payout ratio (DPR) is 23.20%.

Hamilton Beach Brands Company Profile

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Hamilton Beach Brands Holding Co is a holding company, which engages in designing, marketing and distribution of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars and hotels. Its consumer brands include Hamilton Beach, Proctor Silex, Hamilton Beach Professional, Weston field-to-table and farm-to-table food preparation equipment, TrueAir air purifiers, and Brightline sonic rechargeable toothbrushes.