Navellier & Associates Inc. Boosts Stake in Hamilton Beach Brands Holding (NYSE:HBB)

Navellier & Associates Inc. raised its holdings in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 67.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,233 shares of the company’s stock after buying an additional 10,535 shares during the quarter. Navellier & Associates Inc. owned about 0.19% of Hamilton Beach Brands worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in Hamilton Beach Brands by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,074 shares of the company’s stock worth $154,000 after buying an additional 2,859 shares in the last quarter. Jane Street Group LLC purchased a new position in Hamilton Beach Brands during the third quarter worth about $219,000. BNP Paribas Financial Markets boosted its holdings in shares of Hamilton Beach Brands by 310.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,870 shares of the company’s stock worth $239,000 after purchasing an additional 5,952 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Hamilton Beach Brands in the 3rd quarter worth about $242,000. Finally, Walleye Capital LLC purchased a new position in shares of Hamilton Beach Brands in the 3rd quarter worth about $306,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Trading Down 0.3 %

HBB opened at $17.60 on Monday. The stock has a 50-day moving average price of $16.87 and a 200-day moving average price of $22.71. Hamilton Beach Brands Holding has a 12-month low of $14.34 and a 12-month high of $31.78. The stock has a market capitalization of $241.12 million, a P/E ratio of 9.36 and a beta of 0.86.

Hamilton Beach Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, March 3rd. Hamilton Beach Brands’s 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.