Cornerstone Wealth Management LLC acquired a new stake in Hamilton Beach Brands Holding Co (NYSE:HBB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,387 shares of the company’s stock, valued at approximately $243,000.
Other large investors have also made changes to their positions in the company. BlackRock Inc. grew its position in Hamilton Beach Brands by 5.6% during the first quarter. BlackRock Inc. now owns 357,046 shares of the company’s stock valued at $7,576,000 after acquiring an additional 18,990 shares during the period. Acuitas Investments LLC grew its position in Hamilton Beach Brands by 168.0% during the second quarter. Acuitas Investments LLC now owns 71,305 shares of the company’s stock valued at $2,071,000 after acquiring an additional 44,699 shares during the period. Allianz Asset Management GmbH grew its position in Hamilton Beach Brands by 693.2% during the first quarter. Allianz Asset Management GmbH now owns 88,213 shares of the company’s stock valued at $1,872,000 after acquiring an additional 77,092 shares during the period. GSA Capital Partners LLP purchased a new stake in Hamilton Beach Brands during the second quarter valued at about $238,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Hamilton Beach Brands during the second quarter valued at about $399,000. 39.34% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Hamilton Beach Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th.
Shares of HBB opened at $24.04 on Friday. The stock has a market cap of $328.46 million and a price-to-earnings ratio of 14.58. Hamilton Beach Brands Holding Co has a 12 month low of $18.03 and a 12 month high of $33.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 1.19.
Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.16. The company had revenue of $196.90 million for the quarter. Hamilton Beach Brands had a return on equity of 51.86% and a net margin of 2.67%. As a group, equities research analysts predict that Hamilton Beach Brands Holding Co will post 2 earnings per share for the current fiscal year.
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Hamilton Beach Brands Profile
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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