Hamilton Beach Brands Holding Company (NYSE:HBB) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its position in shares of Hamilton Beach Brands Holding Company (NYSE:HBB) by 48.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,870 shares of the company’s stock after selling 17,036 shares during the quarter. Ritholtz Wealth Management owned approximately 0.13% of Hamilton Beach Brands worth $347,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Hamilton Beach Brands by 202.6% during the fourth 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 during the last quarter. Deutsche Bank AG acquired a new position in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $88,000. Bank of America Corp DE raised its holdings in shares of Hamilton Beach Brands by 27.1% during the fourth quarter. Bank of America Corp DE now owns 10,450 shares of the company’s stock valued at $176,000 after acquiring an additional 2,229 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $177,000. Finally, State of Wyoming acquired a new position in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 50.55% of the company’s stock.

Hamilton Beach Brands Price Performance

Shares of Hamilton Beach Brands stock opened at $16.80 on Friday. The business has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $17.82. Hamilton Beach Brands Holding Company has a 12 month low of $13.25 and a 12 month high of $31.78. The stock has a market capitalization of $229.92 million, a P/E ratio of 6.88 and a beta of 0.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 0.93.

Hamilton Beach Brands (NYSE:HBB) last announced its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter. Hamilton Beach Brands had a return on equity of 21.59% and a net margin of 5.11%. The business had revenue of $133.37 million during the quarter.

Hamilton Beach Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, May 30th. This is a boost from Hamilton Beach Brands’s previous quarterly dividend of $0.12. Hamilton Beach Brands’s dividend payout ratio (DPR) 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.