GSA Capital Partners LLP Lowers Holdings in Hawkins, Inc. (NASDAQ:HWKN)

GSA Capital Partners LLP trimmed its position in Hawkins, Inc. (NASDAQ:HWKN) by 88.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,707 shares of the specialty chemicals company’s stock after selling 20,511 shares during the quarter. GSA Capital Partners LLP’s holdings in Hawkins were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HWKN. GAMMA Investing LLC lifted its holdings in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 168 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 347 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Hawkins in the 3rd quarter worth $100,000. USA Financial Formulas lifted its holdings in shares of Hawkins by 35.1% in the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock worth $113,000 after buying an additional 230 shares during the period. Finally, Shell Asset Management Co. lifted its stake in shares of Hawkins by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after purchasing an additional 631 shares during the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Stock Up 1.6 %

Shares of HWKN stock opened at $130.03 on Friday. The stock’s 50-day simple moving average is $123.19 and its 200-day simple moving average is $108.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The firm has a market capitalization of $2.72 billion, a PE ratio of 33.26, a P/E/G ratio of 4.38 and a beta of 0.77. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $135.61.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Equities analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.55%. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

Hawkins Profile

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.