Ancora Advisors LLC Sells 70,050 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Ancora Advisors LLC cut its stake in Hamilton Beach Brands Holding (NYSE:HBB) by 63.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 39,622 shares of the company’s stock after selling 70,050 shares during the period. Ancora Advisors LLC’s holdings in Hamilton Beach Brands were worth $965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. bought a new position in shares of Hamilton Beach Brands during the 3rd quarter worth approximately $29,000. Lazard Asset Management LLC boosted its holdings in shares of Hamilton Beach Brands by 4,150.3% during the 1st quarter. Lazard Asset Management LLC now owns 8,033 shares of the company’s stock worth $195,000 after buying an additional 7,844 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Hamilton Beach Brands during the 4th quarter worth approximately $210,000. Denali Advisors LLC boosted its holdings in shares of Hamilton Beach Brands by 50.0% during the 1st quarter. Denali Advisors LLC now owns 22,500 shares of the company’s stock worth $548,000 after buying an additional 7,500 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Hamilton Beach Brands by 29.0% during the 4th quarter. Russell Investments Group Ltd. now owns 23,664 shares of the company’s stock worth $414,000 after buying an additional 5,319 shares in the last quarter. 50.55% of the stock is currently owned by institutional investors.

Hamilton Beach Brands Stock Up 0.7 %

Shares of HBB traded up $0.13 during trading hours on Wednesday, reaching $19.53. The stock had a trading volume of 36,325 shares, compared to its average volume of 54,328. Hamilton Beach Brands Holding has a 12 month low of $9.49 and a 12 month high of $25.24. The firm has a 50-day simple moving average of $18.26 and a 200 day simple moving average of $19.73. The company has a current ratio of 2.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $276.35 million, a price-to-earnings ratio of 9.37 and a beta of 0.93.

Hamilton Beach Brands (NYSE:HBB) last issued its earnings results on Tuesday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $128.28 million during the quarter. Hamilton Beach Brands had a return on equity of 21.42% and a net margin of 4.61%.

Hamilton Beach Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.115 dividend. This is a positive change from Hamilton Beach Brands’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Friday, May 31st. Hamilton Beach Brands’s dividend 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.