Wedmont Private Capital Purchases Shares of 12,526 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Wedmont Private Capital purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,526 shares of the company’s stock, valued at approximately $52,000.

Several other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its holdings in The Hain Celestial Group by 4.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after purchasing an additional 2,091 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of The Hain Celestial Group by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 54,389 shares of the company’s stock worth $334,000 after acquiring an additional 3,215 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of The Hain Celestial Group by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company’s stock worth $346,000 after acquiring an additional 3,732 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of The Hain Celestial Group by 8.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 59,208 shares of the company’s stock worth $364,000 after acquiring an additional 4,650 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hain Celestial Group

In other news, Director Celeste A. Clark acquired 83,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the completion of the transaction, the director now owns 83,000 shares of the company’s stock, valued at $148,570. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neil Campbell acquired 25,640 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the transaction, the director now directly owns 62,929 shares of the company’s stock, valued at approximately $121,452.97. This trade represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 308,640 shares of company stock worth $518,055. 0.83% of the stock is currently owned by company insiders.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $1.70 on Friday. The stock has a market cap of $153.43 million, a PE ratio of -0.88 and a beta of 0.84. The company’s fifty day moving average is $2.39 and its 200 day moving average is $4.30. The Hain Celestial Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.43. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The business had revenue of $390.35 million during the quarter, compared to analysts’ expectations of $414.45 million. The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The Hain Celestial Group’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. Research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on HAIN shares. Barclays dropped their price objective on shares of The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. CL King reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Mizuho dropped their price objective on shares of The Hain Celestial Group from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a report on Thursday, May 8th. Finally, Maxim Group dropped their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $3.64.

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.