GAMMA Investing LLC Has $1.14 Million Stock Position in Spectrum Brands Holdings Inc. (NYSE:SPB)

GAMMA Investing LLC grew its stake in shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 4,757.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,884 shares of the company's stock after purchasing an additional 15,557 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Spectrum Brands worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPB. Steward Partners Investment Advisory LLC acquired a new position in shares of Spectrum Brands during the 4th quarter worth about $50,000. Versant Capital Management Inc grew its holdings in Spectrum Brands by 101.7% during the first quarter. Versant Capital Management Inc now owns 970 shares of the company's stock worth $69,000 after purchasing an additional 489 shares during the period. Lazard Asset Management LLC grew its holdings in Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after purchasing an additional 692 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Spectrum Brands by 13.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company's stock worth $275,000 after buying an additional 396 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its stake in Spectrum Brands by 5.3% in the fourth quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock valued at $308,000 after buying an additional 185 shares during the period.

Wall Street Analyst Weigh In

SPB has been the topic of a number of research analyst reports. Monness Crespi & Hardt dropped their price target on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company dropped their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group lifted their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.17.

Spectrum Brands Stock Performance

NYSE SPB traded up $0.03 on Thursday, reaching $52.08. The stock had a trading volume of 687,913 shares, compared to its average volume of 425,812. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.34 and a quick ratio of 1.40. The company has a market cap of $1.30 billion, a P/E ratio of 24.92 and a beta of 0.93. The firm has a fifty day moving average of $59.82 and a two-hundred day moving average of $72.88. Spectrum Brands Holdings Inc. has a 1-year low of $51.12 and a 1-year high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a net margin of 2.02% and a return on equity of 5.20%. The business had revenue of $675.70 million during the quarter, compared to the consensus estimate of $701.00 million. During the same period in the previous year, the firm posted $1.62 EPS. The company's revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.61%. Spectrum Brands's payout ratio is presently 89.95%.

Insider Transactions at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $63.77, for a total value of $330,328.60. Following the completion of the sale, the chief executive officer now directly owns 718,427 shares in the company, valued at approximately $45,814,089.79. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.60% of the company's stock.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.