Bailard Inc. Sells 600 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Bailard Inc. cut its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,500 shares of the specialty chemicals company’s stock after selling 600 shares during the quarter. Bailard Inc.’s holdings in Hawkins were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in Hawkins in the fourth quarter valued at $27,098,000. Assenagon Asset Management S.A. lifted its position in Hawkins by 284.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 138,493 shares of the specialty chemicals company’s stock valued at $8,150,000 after acquiring an additional 102,508 shares during the period. Cerity Partners LLC purchased a new position in Hawkins during the 4th quarter valued at about $7,093,000. Acadian Asset Management LLC bought a new stake in Hawkins during the third quarter worth about $3,196,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Hawkins in the 4th quarter worth approximately $3,402,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of Hawkins stock opened at $78.23 on Tuesday. The stock has a 50 day moving average of $74.03 and a 200 day moving average of $67.53. Hawkins, Inc. has a 12 month low of $39.20 and a 12 month high of $79.30. The company has a current ratio of 2.45, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.64 billion, a PE ratio of 22.48 and a beta of 0.75.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. Hawkins had a return on equity of 19.54% and a net margin of 7.91%. The business had revenue of $208.50 million during the quarter, compared to analyst estimates of $221.24 million. On average, research analysts expect that Hawkins, Inc. will post 3.61 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.82%. Hawkins’s dividend payout ratio is currently 18.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Hawkins from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.