GAMMA Investing LLC Has $11.46 Million Stake in Hillenbrand, Inc. (NYSE:HI)

GAMMA Investing LLC grew its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 3,905.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,459 shares of the company's stock after acquiring an additional 46,274 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Hillenbrand worth $11,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hillenbrand in the fourth quarter valued at about $251,000. Jefferies Financial Group Inc. bought a new position in Hillenbrand during the fourth quarter worth $254,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hillenbrand by 7.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,766 shares of the company's stock worth $5,564,000 after buying an additional 12,124 shares during the period. State of Wyoming increased its position in Hillenbrand by 342.6% in the fourth quarter. State of Wyoming now owns 5,417 shares of the company's stock worth $167,000 after buying an additional 4,193 shares during the period. Finally, Seven Six Capital Management LLC acquired a new stake in Hillenbrand in the fourth quarter worth $2,930,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Stock Performance

Shares of HI stock traded down $0.16 during trading hours on Wednesday, reaching $21.81. 337,860 shares of the company's stock were exchanged, compared to its average volume of 494,578. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $45.53. The stock has a market capitalization of $1.54 billion, a P/E ratio of -6.94 and a beta of 1.47. The business has a fifty day moving average price of $20.83 and a 200-day moving average price of $27.29. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The firm had revenue of $715.90 million for the quarter, compared to analysts' expectations of $691.00 million. During the same period in the prior year, the business posted $0.76 earnings per share. The business's revenue was down 8.8% compared to the same quarter last year. Analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson decreased their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st.

Hillenbrand Profile

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.