Hamilton Beach Brands Holding (NYSE:HBB) Sees Significant Growth in Short Interest

Hamilton Beach Brands Holding (NYSE:HBB) was the target of a large growth in short interest in the month of 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. Approximately 4.7% of the shares of the company are sold short. Based on an average daily volume of 54,600 shares, the days-to-cover ratio is currently 5.2 days.

Institutional Investors Weigh In On Hamilton Beach Brands

Several institutional investors have recently modified their holdings of HBB. Dimensional Fund Advisors LP raised its stake in Hamilton Beach Brands by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 365,369 shares of the company’s stock valued at $6,280,000 after purchasing an additional 19,555 shares during the last quarter. Jane Street Group LLC acquired a new stake in Hamilton Beach Brands in the third quarter valued at approximately $219,000. Barclays PLC grew its stake in shares of Hamilton Beach Brands by 79.3% during the third quarter. Barclays PLC now owns 16,112 shares of the company’s stock valued at $491,000 after acquiring an additional 7,125 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Hamilton Beach Brands by 310.3% during 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 during the last quarter. Finally, Sei Investments Co. acquired a new stake in Hamilton Beach Brands in the second quarter valued at $181,000. Hedge funds and other institutional investors own 50.55% of the company’s stock.

Hamilton Beach Brands Stock Performance

Hamilton Beach Brands stock opened at $16.29 on Tuesday. Hamilton Beach Brands has a 1 year low of $14.34 and a 1 year high of $31.78. The company’s 50 day simple moving average is $17.61 and its 200-day simple moving average is $23.16. The company has a market capitalization of $223.13 million, a price-to-earnings ratio of 8.66 and a beta of 0.86.

Hamilton Beach Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued 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 dividend payout ratio is presently 24.47%.

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.