Janney Montgomery Scott LLC Decreases Position in Hamilton Beach Brands Holding (NYSE:HBB)

Janney Montgomery Scott LLC decreased its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,618 shares of the company’s stock after selling 9,678 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hamilton Beach Brands were worth $717,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ritholtz Wealth Management boosted its stake in Hamilton Beach Brands by 32.2% during the third quarter. Ritholtz Wealth Management now owns 54,321 shares of the company’s stock worth $1,653,000 after buying an additional 13,233 shares during the period. Empowered Funds LLC lifted its holdings in shares of Hamilton Beach Brands by 60.8% in the 3rd quarter. Empowered Funds LLC now owns 41,657 shares of the company’s stock worth $1,268,000 after acquiring an additional 15,745 shares during the last quarter. Barclays PLC boosted its stake in shares of Hamilton Beach Brands by 79.3% during the 3rd quarter. Barclays PLC now owns 16,112 shares of the company’s stock worth $491,000 after purchasing an additional 7,125 shares during the period. Sei Investments Co. bought a new position in Hamilton Beach Brands during the 2nd quarter valued at about $181,000. Finally, Walleye Capital LLC purchased a new stake in Hamilton Beach Brands in the 3rd quarter worth about $306,000. Institutional investors own 50.55% of the company’s stock.

Hamilton Beach Brands Stock Performance

Shares of NYSE HBB opened at $16.16 on Friday. The business’s 50 day moving average price is $17.35 and its 200-day moving average price is $23.03. Hamilton Beach Brands Holding has a fifty-two week low of $14.34 and a fifty-two week high of $31.78. The company has a market cap of $221.47 million, a price-to-earnings ratio of 8.60 and a beta of 0.86.

Hamilton Beach Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, December 2nd. Hamilton Beach Brands’s payout ratio is presently 24.47%.

Hamilton Beach Brands 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.