Hamilton Beach Brands Holding (NYSE:HBB) Sees Large Increase in Short Interest

Hamilton Beach Brands Holding (NYSE:HBB) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 284,800 shares, a growth of 8.3% from the December 31st total of 262,900 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 54,600 shares, the short-interest ratio is presently 5.2 days.

Hamilton Beach Brands Trading Down 4.8 %

NYSE:HBB opened at $16.29 on Tuesday. Hamilton Beach Brands has a 12 month low of $14.34 and a 12 month high of $31.78. The stock has a market capitalization of $223.13 million, a price-to-earnings ratio of 8.66 and a beta of 0.86. The firm has a fifty day simple moving average of $17.61 and a two-hundred day simple moving average of $23.16.

Hamilton Beach Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Monday, December 2nd. Hamilton Beach Brands’s payout ratio is 24.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 19,555 shares during the period. Empowered Funds LLC increased its stake in Hamilton Beach Brands by 60.8% during the 3rd quarter. Empowered Funds LLC now owns 41,657 shares of the company’s stock valued at $1,268,000 after purchasing an additional 15,745 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Hamilton Beach Brands by 79.0% during the second quarter. Renaissance Technologies LLC now owns 34,007 shares of the company’s stock worth $585,000 after buying an additional 15,007 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Hamilton Beach Brands by 32.2% in the third quarter. Ritholtz Wealth Management now owns 54,321 shares of the company’s stock valued at $1,653,000 after buying an additional 13,233 shares in the last quarter. Finally, Navellier & Associates Inc. grew its holdings in shares of Hamilton Beach Brands by 67.1% during the fourth quarter. Navellier & Associates Inc. now owns 26,233 shares of the company’s stock valued at $442,000 after buying an additional 10,535 shares during the last quarter. Institutional investors own 50.55% of the company’s stock.

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.