GSA Capital Partners LLP Buys 214,334 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

GSA Capital Partners LLP lifted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 206.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,326 shares of the company's stock after acquiring an additional 214,334 shares during the quarter. GSA Capital Partners LLP owned approximately 0.35% of The Hain Celestial Group worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAIN. Invesco Ltd. increased its holdings in The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the period. Wellington Management Group LLP acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth approximately $14,322,000. Frontier Capital Management Co. LLC boosted its holdings in The Hain Celestial Group by 512.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after acquiring an additional 2,108,845 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in The Hain Celestial Group during the 4th quarter valued at approximately $12,619,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock worth $38,276,000 after purchasing an additional 555,195 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Down 1.9%

Shares of NASDAQ:HAIN traded down $0.03 during mid-day trading on Friday, hitting $1.54. 1,083,718 shares of the company traded hands, compared to its average volume of 2,222,341. The stock has a 50-day moving average price of $1.70 and a two-hundred day moving average price of $3.00. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43. The stock has a market cap of $138.99 million, a P/E ratio of -0.53 and a beta of 0.78. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The firm had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. During the same quarter in the prior year, the company earned $0.13 EPS. The business's revenue for the quarter was down 10.9% on a year-over-year basis. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HAIN. Mizuho dropped their price objective on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Monday. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Piper Sandler dropped their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Finally, Barclays cut their target price on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, The Hain Celestial Group has a consensus rating of "Hold" and a consensus target price of $3.59.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Dawn M. Zier bought 200,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the purchase, the director directly owned 288,229 shares of the company's stock, valued at approximately $461,166.40. This represents a 226.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Neil Campbell bought 25,640 shares of The Hain Celestial Group stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $1.93 per share, with a total value of $49,485.20. Following the completion of the acquisition, the director owned 62,929 shares of the company's stock, valued at $121,452.97. This represents a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 308,640 shares of company stock valued at $518,055 in the last 90 days. 0.83% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.