Koss Olinger Consulting LLC Acquires New Stake in Hamilton Beach Brands Holding Company (NYSE:HBB)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake of 38,015 shares in Hamilton Beach Brands, valued at approximately $739,000, representing a 0.28% ownership in the company.
• Hamilton Beach Brands recently increased its quarterly dividend to $0.12 per share, with an annualized yield of 3.4% and a dividend payout ratio of 20.43%.
• Despite recent changes in institutional ownership, including significant increases from various funds, Hamilton Beach Brands' stock has decreased by 4.4% recently, with current trading at $14.03 per share.

Koss Olinger Consulting LLC purchased a new position in shares of Hamilton Beach Brands Holding Company (NYSE:HBB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,015 shares of the company's stock, valued at approximately $739,000. Koss Olinger Consulting LLC owned about 0.28% of Hamilton Beach Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of HBB. North Star Investment Management Corp. raised its stake in Hamilton Beach Brands by 17.9% during the first quarter. North Star Investment Management Corp. now owns 252,600 shares of the company's stock worth $4,908,000 after acquiring an additional 38,400 shares during the period. Dimensional Fund Advisors LP raised its stake in Hamilton Beach Brands by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 394,819 shares of the company's stock worth $6,645,000 after acquiring an additional 29,460 shares during the period. Millennium Management LLC acquired a new stake in Hamilton Beach Brands during the fourth quarter worth about $393,000. Squarepoint Ops LLC acquired a new stake in Hamilton Beach Brands during the fourth quarter worth about $265,000. Finally, State of Wyoming acquired a new stake in Hamilton Beach Brands during the fourth quarter worth about $220,000. Institutional investors own 50.55% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Hamilton Beach Brands from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Hamilton Beach Brands Stock Performance

Shares of NYSE:HBB traded down $0.81 during trading hours on Thursday, hitting $13.84. The stock had a trading volume of 26,264 shares, compared to its average volume of 25,575. The stock's fifty day simple moving average is $17.13 and its 200 day simple moving average is $17.73. Hamilton Beach Brands Holding Company has a 1-year low of $12.95 and a 1-year high of $31.78. The firm has a market capitalization of $186.51 million, a price-to-earnings ratio of 5.89 and a beta of 0.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 2.47.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.33 EPS for the quarter. Hamilton Beach Brands had a net margin of 5.10% and a return on equity of 20.03%. The company had revenue of $127.77 million for the quarter.

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.