33,356 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,356 shares of the company's stock, valued at approximately $2,818,000. Dark Forest Capital Management LP owned approximately 0.12% of Spectrum Brands as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPB. Anchor Capital Advisors LLC lifted its position in Spectrum Brands by 1.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock worth $1,318,000 after purchasing an additional 184 shares during the period. Fox Run Management L.L.C. raised its position in Spectrum Brands by 5.3% during the fourth quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock valued at $308,000 after purchasing an additional 185 shares in the last quarter. Legato Capital Management LLC boosted its holdings in shares of Spectrum Brands by 2.2% in the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock valued at $786,000 after purchasing an additional 198 shares in the last quarter. West Oak Capital LLC raised its holdings in shares of Spectrum Brands by 1.4% during the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock worth $2,312,000 after buying an additional 375 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after buying an additional 375 shares during the last quarter.

Spectrum Brands Stock Down 0.6 %

NYSE SPB traded down $0.35 during mid-day trading on Monday, hitting $62.37. The company's stock had a trading volume of 130,049 shares, compared to its average volume of 450,942. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The company's 50 day simple moving average is $68.97 and its 200 day simple moving average is $81.01. Spectrum Brands Holdings, Inc. has a twelve month low of $57.66 and a twelve month high of $96.74. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period last year, the firm posted $0.78 EPS. Analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's payout ratio is currently 46.19%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPB shares. UBS Group decreased their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company cut their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada dropped their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Finally, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and upped their price objective for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.43.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.