Hamilton Beach Brands Holding (NYSE:HBB) Sees Significant Decrease in Short Interest

Hamilton Beach Brands Holding (NYSE:HBB - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 292,300 shares, a decrease of 14.5% from the April 30th total of 342,000 shares. Based on an average trading volume of 54,400 shares, the days-to-cover ratio is currently 5.4 days. Currently, 4.8% of the company's stock are sold short.

Hamilton Beach Brands Stock Down 0.1%

Hamilton Beach Brands stock traded down $0.03 during trading on Friday, reaching $18.30. The stock had a trading volume of 19,817 shares, compared to its average volume of 56,338. Hamilton Beach Brands has a 52-week low of $13.25 and a 52-week high of $31.78. The stock has a market cap of $250.50 million, a PE ratio of 9.73 and a beta of 0.32. The business has a 50 day moving average price of $17.74 and a 200 day moving average price of $17.93.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $133.37 million during the quarter. Hamilton Beach Brands had a net margin of 4.06% and a return on equity of 17.90%.

Hamilton Beach Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, May 30th. This is a positive change from Hamilton Beach Brands's previous quarterly dividend of $0.12. Hamilton Beach Brands's dividend payout ratio (DPR) is 19.67%.

Hedge Funds Weigh In On Hamilton Beach Brands

Several hedge funds have recently added to or reduced their stakes in HBB. GAMMA Investing LLC purchased a new stake in shares of Hamilton Beach Brands in the 1st quarter valued at about $270,000. Tower Research Capital LLC TRC grew its stake in shares of Hamilton Beach Brands by 202.6% in the 4th 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 last quarter. Deutsche Bank AG acquired a new position in shares of Hamilton Beach Brands in the fourth quarter valued at approximately $88,000. Bank of America Corp DE increased its holdings in shares of Hamilton Beach Brands by 27.1% in 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 worth approximately $177,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Beach Brands

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.