Hamilton Beach Brands Holding (NYSE:HBB) Holdings Cut by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,985 shares of the company’s stock after selling 21,591 shares during the quarter. Geode Capital Management LLC’s holdings in Hamilton Beach Brands were worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in Hamilton Beach Brands by 34.2% during the second quarter. Bank of New York Mellon Corp now owns 91,315 shares of the company’s stock valued at $1,570,000 after acquiring an additional 23,280 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Hamilton Beach Brands by 35.3% during the 2nd quarter. Acadian Asset Management LLC now owns 121,804 shares of the company’s stock valued at $2,090,000 after purchasing an additional 31,762 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Hamilton Beach Brands by 101.9% in the 2nd quarter. American Century Companies Inc. now owns 118,355 shares of the company’s stock valued at $2,035,000 after purchasing an additional 59,726 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Hamilton Beach Brands in the second quarter worth $204,000. Finally, Dimensional Fund Advisors LP increased its position in Hamilton Beach Brands by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 365,369 shares of the company’s stock worth $6,280,000 after buying an additional 19,555 shares during the last quarter. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Price Performance

NYSE HBB opened at $16.58 on Friday. The firm has a market cap of $227.15 million, a P/E ratio of 8.82 and a beta of 0.84. The stock’s 50-day moving average is $19.81 and its two-hundred day moving average is $23.08. Hamilton Beach Brands Holding has a fifty-two week low of $14.34 and a fifty-two week high of $31.78.

Hamilton Beach Brands (NYSE:HBB) last posted its earnings results on Wednesday, October 30th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $156.67 million during the quarter. Hamilton Beach Brands had a return on equity of 17.90% and a net margin of 4.06%.

Hamilton Beach Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Monday, December 2nd. Hamilton Beach Brands’s dividend payout ratio is currently 24.47%.

Hamilton Beach Brands Company Profile

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.