Ritholtz Wealth Management Sells 17,036 Shares of Hamilton Beach Brands Holding Company (NYSE:HBB)

Ritholtz Wealth Management lowered its position in Hamilton Beach Brands Holding Company (NYSE:HBB - Free Report) by 48.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,870 shares of the company's stock after selling 17,036 shares during the quarter. Ritholtz Wealth Management owned approximately 0.13% of Hamilton Beach Brands worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Hamilton Beach Brands during the first quarter valued at approximately $270,000. Tower Research Capital LLC TRC boosted its stake in shares of Hamilton Beach Brands by 202.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,486 shares of the company's stock valued at $25,000 after purchasing an additional 995 shares during the period. Deutsche Bank AG purchased a new stake in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $88,000. Bank of America Corp DE boosted its stake in shares of Hamilton Beach Brands by 27.1% during the fourth quarter. Bank of America Corp DE now owns 10,450 shares of the company's stock valued at $176,000 after purchasing an additional 2,229 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $177,000. Hedge funds and other institutional investors own 50.55% of the company's stock.

Hamilton Beach Brands Trading Up 3.5%

HBB stock traded up $0.59 on Monday, reaching $17.40. The company's stock had a trading volume of 17,643 shares, compared to its average volume of 55,677. The business has a fifty day simple moving average of $17.63 and a two-hundred day simple moving average of $17.74. Hamilton Beach Brands Holding Company has a 12-month low of $13.25 and a 12-month high of $31.78. The firm has a market cap of $238.21 million, a PE ratio of 7.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.97.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter. Hamilton Beach Brands had a return on equity of 21.59% and a net margin of 5.11%. The company had revenue of $133.37 million during the quarter.

Hamilton Beach Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.12 dividend. This is a positive change from Hamilton Beach Brands's previous quarterly dividend of $0.12. The ex-dividend date was Friday, May 30th. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. Hamilton Beach Brands's dividend payout ratio (DPR) is presently 19.67%.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.