Hamilton Beach Brands (NYSE:HBB) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Hamilton Beach Brands (NYSE:HBB) has received a "hold (C+)" rating from Weiss Ratings, reaffirming the stock's current position in the market.
• Despite a 0.1% decline in trading, the company has a market cap of approximately $194.65 million and reported earnings of $0.33 per share for the last quarter.
• Institutional ownership of Hamilton Beach Brands is significant, with over 50% of shares held by hedge funds and other institutional investors, indicating strong interest from larger financial entities.

Hamilton Beach Brands (NYSE:HBB - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Hamilton Beach Brands from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Hamilton Beach Brands Trading Down 0.1%

Shares of HBB opened at $14.44 on Wednesday. Hamilton Beach Brands has a twelve month low of $12.72 and a twelve month high of $31.78. The company has a market cap of $194.65 million, a P/E ratio of 6.14 and a beta of -0.01. The company has a current ratio of 2.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $14.36 and its 200-day simple moving average is $16.73.

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

Hedge Funds Weigh In On Hamilton Beach Brands

A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP raised its position in Hamilton Beach Brands by 4.0% during the 2nd quarter. First Trust Advisors LP now owns 18,898 shares of the company's stock worth $338,000 after buying an additional 729 shares during the last quarter. Osaic Holdings Inc. raised its position in Hamilton Beach Brands by 15.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company's stock worth $103,000 after buying an additional 757 shares during the last quarter. North Star Investment Management Corp. raised its position in Hamilton Beach Brands by 0.4% during the 2nd quarter. North Star Investment Management Corp. now owns 253,600 shares of the company's stock worth $4,537,000 after buying an additional 1,000 shares during the last quarter. GAMMA Investing LLC purchased a new position in Hamilton Beach Brands during the 1st quarter worth approximately $270,000. Finally, Lazard Asset Management LLC raised its position in Hamilton Beach Brands by 4.4% during the 2nd quarter. Lazard Asset Management LLC now owns 39,507 shares of the company's stock worth $706,000 after buying an additional 1,653 shares during the last quarter. 50.55% of the stock is 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.

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