Hamilton Beach Brands Holding (NYSE:HBB) Short Interest Down 14.5% in May

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

Hamilton Beach Brands Trading Up 1.1%

Shares of HBB stock traded up $0.20 during trading hours on Thursday, reaching $18.33. 18,372 shares of the company's stock were exchanged, compared to its average volume of 56,218. Hamilton Beach Brands has a 1 year low of $13.25 and a 1 year high of $31.78. The stock has a market cap of $250.96 million, a PE ratio of 9.75 and a beta of 0.32. The stock's fifty day moving average price is $17.77 and its two-hundred day moving average price is $17.94.

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

Hamilton Beach Brands Increases Dividend

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

Institutional Investors Weigh In On Hamilton Beach Brands

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in shares of Hamilton Beach Brands by 5.0% during the fourth quarter. Empowered Funds LLC now owns 43,740 shares of the company's stock worth $736,000 after purchasing an additional 2,083 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of Hamilton Beach Brands by 67.1% during the fourth quarter. Navellier & Associates Inc. now owns 26,233 shares of the company's stock worth $442,000 after purchasing an additional 10,535 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Hamilton Beach Brands by 22.8% during the fourth quarter. Bank of New York Mellon Corp now owns 116,253 shares of the company's stock worth $1,957,000 after purchasing an additional 21,591 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Hamilton Beach Brands by 65.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,932 shares of the company's stock worth $824,000 after purchasing an additional 19,382 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Hamilton Beach Brands by 22.2% during the fourth quarter. American Century Companies Inc. now owns 196,723 shares of the company's stock worth $3,311,000 after purchasing an additional 35,742 shares during the period. Hedge funds and other institutional investors own 50.55% of the company's stock.

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.