Ameriprise Financial Inc. Sells 36,872 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Ameriprise Financial Inc. trimmed its position in shares of Hamilton Beach Brands Holding (NYSE:HBB - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,087 shares of the company's stock after selling 36,872 shares during the quarter. Ameriprise Financial Inc. owned 3.15% of Hamilton Beach Brands worth $7,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in 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 worth $25,000 after buying an additional 995 shares during the period. Barclays PLC boosted its stake in Hamilton Beach Brands by 11.0% during the fourth quarter. Barclays PLC now owns 17,884 shares of the company's stock worth $301,000 after buying an additional 1,772 shares during the period. Empowered Funds LLC boosted its stake in Hamilton Beach Brands by 5.0% during the fourth quarter. Empowered Funds LLC now owns 43,740 shares of the company's stock worth $736,000 after buying an additional 2,083 shares during the period. Renaissance Technologies LLC boosted its stake in Hamilton Beach Brands by 13.6% during the fourth quarter. Renaissance Technologies LLC now owns 46,900 shares of the company's stock worth $789,000 after buying an additional 5,628 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Hamilton Beach Brands by 16.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 44,487 shares of the company's stock worth $749,000 after buying an additional 6,425 shares during the period. 50.55% of the stock is owned by hedge funds and other institutional investors.

Hamilton Beach Brands Stock Performance

NYSE HBB traded up $0.75 on Tuesday, hitting $18.53. 29,306 shares of the stock were exchanged, compared to its average volume of 56,583. The stock has a fifty day moving average price of $17.96 and a two-hundred day moving average price of $18.03. The firm has a market capitalization of $253.77 million, a P/E ratio of 9.86 and a beta of 0.32. Hamilton Beach Brands Holding has a 52-week low of $13.25 and a 52-week high of $31.78.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $133.37 million during 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 business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. This is a positive change from Hamilton Beach Brands's previous quarterly dividend of $0.12. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is 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.