Bank of America Corp DE Boosts Position in Hamilton Beach Brands Holding (NYSE:HBB)

Bank of America Corp DE boosted its stake in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 27.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,450 shares of the company’s stock after buying an additional 2,229 shares during the quarter. Bank of America Corp DE owned approximately 0.08% of Hamilton Beach Brands worth $176,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HBB. Tower Research Capital LLC TRC boosted its position in Hamilton Beach Brands by 202.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,486 shares of the company’s stock valued at $25,000 after acquiring an additional 995 shares in the last quarter. Barclays PLC lifted its stake in shares of Hamilton Beach Brands by 11.0% during the 4th quarter. Barclays PLC now owns 17,884 shares of the company’s stock worth $301,000 after purchasing an additional 1,772 shares during the last quarter. Navellier & Associates Inc. lifted its stake in shares of Hamilton Beach Brands by 67.1% during the 4th quarter. Navellier & Associates Inc. now owns 26,233 shares of the company’s stock worth $442,000 after purchasing an additional 10,535 shares during the last quarter. Empowered Funds LLC boosted its position in Hamilton Beach Brands by 5.0% during the fourth quarter. Empowered Funds LLC now owns 43,740 shares of the company’s stock valued at $736,000 after purchasing an additional 2,083 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Hamilton Beach Brands by 16.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 44,487 shares of the company’s stock valued at $749,000 after purchasing an additional 6,425 shares during the last quarter. 50.55% of the stock is owned by hedge funds and other institutional investors.

Hamilton Beach Brands Stock Performance

Shares of Hamilton Beach Brands stock opened at $16.83 on Monday. The company has a market capitalization of $230.46 million, a PE ratio of 8.95 and a beta of 0.36. The company has a 50-day simple moving average of $17.70 and a two-hundred day simple moving average of $17.85. Hamilton Beach Brands Holding has a one year low of $13.25 and a one year high of $31.78.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $133.37 million for the quarter. Hamilton Beach Brands had a net margin of 4.06% and a return on equity of 17.90%.

Hamilton Beach Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.12 dividend. This is a positive change from Hamilton Beach Brands’s previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, May 30th. Hamilton Beach Brands’s payout ratio is currently 19.67%.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.