GAMMA Investing LLC Acquires 46,274 Shares of Hillenbrand, Inc. (NYSE:HI)

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

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

Hillenbrand Trading Up 5.3%

Shares of NYSE:HI traded up $1.08 during mid-day trading on Monday, hitting $21.44. The company had a trading volume of 397,898 shares, compared to its average volume of 493,201. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a one year low of $18.36 and a one year high of $45.53. The firm has a fifty day moving average price of $20.85 and a 200 day moving average price of $27.46. The company has a market capitalization of $1.51 billion, a PE ratio of -6.83 and a beta of 1.47.

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

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a yield of 4.20%. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson dropped their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

Hillenbrand Company 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.