Third Avenue Management LLC Cuts Position in Hamilton Beach Brands Holding Company $HBB

Key Points

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Third Avenue Management LLC decreased its stake in Hamilton Beach Brands Holding Company (NYSE:HBB - Free Report) by 16.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,969 shares of the company's stock after selling 47,521 shares during the quarter. Third Avenue Management LLC owned approximately 1.83% of Hamilton Beach Brands worth $4,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Hamilton Beach Brands in the first quarter worth about $270,000. Millennium Management LLC bought a new position in Hamilton Beach Brands during the fourth quarter valued at approximately $393,000. Squarepoint Ops LLC bought a new position in Hamilton Beach Brands during the fourth quarter valued at approximately $265,000. North Star Investment Management Corp. boosted 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 valued at $4,908,000 after buying an additional 38,400 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Hamilton Beach Brands in the 1st quarter valued at approximately $739,000. Hedge funds and other institutional investors own 50.55% of the company's stock.

Analyst Ratings Changes

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

Hamilton Beach Brands Trading Up 2.4%

HBB stock traded up $0.3550 during midday trading on Friday, reaching $14.8750. The company's stock had a trading volume of 51,350 shares, compared to its average volume of 41,675. The stock has a fifty day simple moving average of $16.63 and a two-hundred day simple moving average of $17.59. The firm has a market capitalization of $200.46 million, a price-to-earnings ratio of 6.33 and a beta of 0.24. Hamilton Beach Brands Holding Company has a 1 year low of $12.72 and a 1 year high of $31.78. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.33 EPS for the quarter. The company had revenue of $127.77 million for the quarter. Hamilton Beach Brands had a return on equity of 20.03% and a net margin of 5.10%.

Hamilton Beach Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 2nd. Hamilton Beach Brands's dividend payout ratio (DPR) is presently 20.43%.

Hamilton Beach Brands 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.