Jump Financial LLC Sells 23,314 Shares of Hillenbrand Inc $HI

Jump Financial LLC trimmed its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 59.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the company's stock after selling 23,314 shares during the period. Jump Financial LLC's holdings in Hillenbrand were worth $386,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Clarkston Capital Partners LLC lifted its holdings in Hillenbrand by 0.4% in the first quarter. Clarkston Capital Partners LLC now owns 3,760,951 shares of the company's stock valued at $90,789,000 after buying an additional 14,200 shares during the period. Channing Capital Management LLC lifted its holdings in Hillenbrand by 224.0% in the first quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company's stock valued at $52,465,000 after buying an additional 1,502,548 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in Hillenbrand in the first quarter valued at approximately $25,996,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Hillenbrand in the first quarter valued at approximately $84,000. Finally, Versor Investments LP lifted its holdings in Hillenbrand by 31.0% in the first quarter. Versor Investments LP now owns 37,200 shares of the company's stock valued at $898,000 after buying an additional 8,800 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Trading Up 1.7%

NYSE HI traded up $0.44 during trading hours on Friday, hitting $26.21. The company's stock had a trading volume of 318,470 shares, compared to its average volume of 704,478. The stock has a fifty day moving average of $22.90 and a 200 day moving average of $22.70. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $35.59. The firm has a market capitalization of $1.85 billion, a P/E ratio of -104.84 and a beta of 1.47. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The business had revenue of $598.90 million for the quarter, compared to analyst estimates of $572.48 million. During the same period in the prior year, the business posted $0.85 earnings per share. Hillenbrand's revenue was down 23.9% compared to the same quarter last year. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Equities research analysts forecast that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. Hillenbrand's dividend payout ratio is presently -360.00%.

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.