GAMMA Investing LLC Purchases 80,431 Shares of Newell Brands Inc. (NASDAQ:NWL)

GAMMA Investing LLC grew its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 399.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,589 shares of the company’s stock after purchasing an additional 80,431 shares during the quarter. GAMMA Investing LLC’s holdings in Newell Brands were worth $624,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its position in shares of Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after buying an additional 4,617 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $101,000. Finally, Seeds Investor LLC acquired a new stake in Newell Brands in the 4th quarter valued at $105,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 0.4%

Shares of NASDAQ:NWL opened at $5.44 on Thursday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -9.22 and a beta of 0.97. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.54 and a current ratio of 1.13. The stock’s 50-day simple moving average is $5.29 and its two-hundred day simple moving average is $7.30. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion. The firm’s revenue was down 5.3% on a year-over-year basis. Analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands’s dividend payout ratio (DPR) is presently -47.46%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NWL. Canaccord Genuity Group reduced their price target on shares of Newell Brands from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded Newell Brands from a “sell” rating to a “hold” rating in a research note on Sunday, May 4th. Truist Financial dropped their price objective on Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. upgraded Newell Brands from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $6.00 to $7.00 in a research note on Friday, June 13th. Finally, Citigroup dropped their price objective on Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Newell Brands currently has an average rating of “Hold” and an average target price of $7.53.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.