Bailard Inc. Makes New Investment in Spectrum Brands Holdings Inc. (NYSE:SPB)

Bailard Inc. acquired a new stake in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,000 shares of the company's stock, valued at approximately $644,000.

A number of other institutional investors have also recently bought and sold shares of the business. Callodine Capital Management LP raised its position in shares of Spectrum Brands by 29.8% in the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after buying an additional 121,000 shares in the last quarter. FIL Ltd raised its position in shares of Spectrum Brands by 8.7% in the 4th quarter. FIL Ltd now owns 461,568 shares of the company's stock valued at $38,998,000 after buying an additional 36,798 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Spectrum Brands by 4.0% in the 4th quarter. Systematic Financial Management LP now owns 359,748 shares of the company's stock valued at $30,395,000 after buying an additional 13,743 shares in the last quarter. Man Group plc raised its position in shares of Spectrum Brands by 160.5% in the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock valued at $27,052,000 after buying an additional 197,263 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Spectrum Brands by 76.4% in the 4th quarter. AQR Capital Management LLC now owns 261,507 shares of the company's stock valued at $22,095,000 after buying an additional 113,238 shares in the last quarter.

Insiders Place Their Bets

In other Spectrum Brands news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $63.77, for a total transaction of $330,328.60. Following the sale, the chief executive officer directly owned 718,427 shares of the company's stock, valued at $45,814,089.79. The trade was a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is owned by insiders.

Spectrum Brands Price Performance

SPB stock traded down $0.14 during trading on Friday, reaching $55.96. 431,707 shares of the company were exchanged, compared to its average volume of 447,848. The company has a 50-day moving average of $56.72 and a two-hundred day moving average of $67.45. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 26.78 and a beta of 0.90. Spectrum Brands Holdings Inc. has a twelve month low of $50.73 and a twelve month high of $96.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.34 and a quick ratio of 1.40.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The company had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. Spectrum Brands had a return on equity of 5.20% and a net margin of 2.02%. Spectrum Brands's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. As a group, equities analysts predict that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, May 27th. Spectrum Brands's dividend payout ratio is 89.95%.

Analyst Ratings Changes

SPB has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Monness Crespi & Hardt dropped their target price on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Canaccord Genuity Group set a $77.00 target price on shares of Spectrum Brands and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, UBS Group boosted their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $84.17.

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.