American Century Companies Inc. Grows Stake in Hamilton Beach Brands Holding (NYSE:HBB)

American Century Companies Inc. increased its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 101.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,355 shares of the company’s stock after acquiring an additional 59,726 shares during the period. American Century Companies Inc. owned approximately 0.84% of Hamilton Beach Brands worth $2,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in shares of Hamilton Beach Brands by 4,150.3% during the first quarter. Lazard Asset Management LLC now owns 8,033 shares of the company’s stock valued at $195,000 after buying an additional 7,844 shares during the period. Privium Fund Management UK Ltd purchased a new position in shares of Hamilton Beach Brands during the second quarter valued at approximately $356,000. Denali Advisors LLC boosted its position in shares of Hamilton Beach Brands by 50.0% during the first quarter. Denali Advisors LLC now owns 22,500 shares of the company’s stock valued at $548,000 after buying an additional 7,500 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Hamilton Beach Brands by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 27,059 shares of the company’s stock valued at $659,000 after buying an additional 3,395 shares during the period. Finally, Ritholtz Wealth Management boosted its position in shares of Hamilton Beach Brands by 39.2% during the second quarter. Ritholtz Wealth Management now owns 41,088 shares of the company’s stock valued at $706,000 after buying an additional 11,561 shares during the period. Hedge funds and other institutional investors own 50.55% of the company’s stock.

Hamilton Beach Brands Stock Performance

Shares of NYSE HBB opened at $29.96 on Friday. The firm has a market capitalization of $423.81 million, a price-to-earnings ratio of 14.47 and a beta of 0.94. The stock has a 50 day moving average price of $26.20 and a 200 day moving average price of $22.26. Hamilton Beach Brands Holding has a 52-week low of $10.88 and a 52-week high of $31.05.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $156.24 million during the quarter. Hamilton Beach Brands had a return on equity of 24.54% and a net margin of 5.39%.

Hamilton Beach Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Tuesday, September 3rd. Hamilton Beach Brands’s payout ratio is presently 22.22%.

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.