GAMMA Investing LLC Increases Holdings in Hingham Institution for Savings (NASDAQ:HIFS)

GAMMA Investing LLC raised its stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 28,778.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,043 shares of the savings and loans company's stock after purchasing an additional 4,029 shares during the quarter. GAMMA Investing LLC owned 0.19% of Hingham Institution for Savings worth $9,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at approximately $403,000. Rafferty Asset Management LLC increased its position in shares of Hingham Institution for Savings by 9.1% during the fourth quarter. Rafferty Asset Management LLC now owns 2,863 shares of the savings and loans company's stock valued at $728,000 after acquiring an additional 238 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at approximately $295,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hingham Institution for Savings by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock valued at $225,000 after acquiring an additional 49 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Hingham Institution for Savings by 549.2% during the fourth quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock valued at $2,813,000 after acquiring an additional 9,364 shares during the last quarter. 49.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th.

Hingham Institution for Savings Stock Performance

Shares of HIFS traded down $4.08 on Wednesday, reaching $229.46. 29,674 shares of the company's stock traded hands, compared to its average volume of 23,127. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock's 50 day simple moving average is $244.57 and its two-hundred day simple moving average is $251.84. Hingham Institution for Savings has a 52-week low of $164.00 and a 52-week high of $300.00. The stock has a market cap of $493.34 million, a PE ratio of 17.88 and a beta of 0.93.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. The business had revenue of $17.59 million during the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, May 5th. Hingham Institution for Savings's dividend payout ratio (DPR) is presently 19.47%.

Hingham Institution for Savings Profile

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.