Dark Forest Capital Management LP Raises Stock Position in Hillenbrand, Inc. (NYSE:HI)

Dark Forest Capital Management LP boosted its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 279.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,966 shares of the company's stock after purchasing an additional 23,539 shares during the period. Dark Forest Capital Management LP's holdings in Hillenbrand were worth $984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Channing Capital Management LLC bought a new position in shares of Hillenbrand in the fourth quarter worth $20,648,000. Wilmington Savings Fund Society FSB bought a new position in Hillenbrand in the 3rd quarter worth about $17,178,000. Raymond James Financial Inc. purchased a new position in Hillenbrand during the 4th quarter valued at about $7,782,000. Prudential Financial Inc. increased its position in shares of Hillenbrand by 211.3% during the fourth quarter. Prudential Financial Inc. now owns 233,645 shares of the company's stock valued at $7,192,000 after buying an additional 158,597 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Hillenbrand by 131.4% in the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company's stock worth $8,589,000 after buying an additional 158,464 shares in the last quarter. 89.09% of the stock is owned by institutional investors.

Hillenbrand Price Performance

Shares of Hillenbrand stock traded up $0.06 on Tuesday, hitting $22.52. 76,443 shares of the company traded hands, compared to its average volume of 458,208. The company has a market cap of $1.59 billion, a P/E ratio of -7.16 and a beta of 1.46. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Hillenbrand, Inc. has a 12-month low of $18.36 and a 12-month high of $49.95. The firm's 50-day simple moving average is $24.68 and its 200 day simple moving average is $29.29.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently -28.66%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.