Ingalls & Snyder LLC Makes New $311,000 Investment in The Hain Celestial Group, Inc. $HAIN

Ingalls & Snyder LLC bought a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the second quarter, HoldingsChannel.com reports. The firm bought 204,600 shares of the company’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also made changes to their positions in HAIN. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after buying an additional 4,360 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of The Hain Celestial Group by 45.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock valued at $46,000 after purchasing an additional 9,335 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of The Hain Celestial Group by 150.3% in the second quarter. Byrne Asset Management LLC now owns 34,040 shares of the company’s stock valued at $52,000 after purchasing an additional 20,441 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of The Hain Celestial Group by 6,315.1% in the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock valued at $53,000 after purchasing an additional 12,567 shares in the last quarter. Finally, CWM LLC lifted its stake in The Hain Celestial Group by 125.4% in the 2nd quarter. CWM LLC now owns 34,914 shares of the company’s stock valued at $53,000 after buying an additional 19,421 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, Director Neil Campbell purchased 62,640 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average price of $1.52 per share, for a total transaction of $95,212.80. Following the completion of the acquisition, the director owned 125,569 shares of the company’s stock, valued at approximately $190,864.88. This represents a 99.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alison Lewis purchased 44,895 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the acquisition, the chief executive officer directly owned 74,895 shares of the company’s stock, valued at $112,342.50. This trade represents a 149.65% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 137,535 shares of company stock worth $207,255. Company insiders own 1.71% of the company’s stock.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $1.40 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The company has a market cap of $126.41 million, a P/E ratio of -0.24 and a beta of 0.82. The Hain Celestial Group, Inc. has a fifty-two week low of $1.29 and a fifty-two week high of $9.43. The firm’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.85.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $363.35 million during the quarter, compared to analysts’ expectations of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. Analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HAIN shares. Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Tuesday, October 14th. Stephens downgraded The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 17th. Finally, Barclays reduced their target price on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $3.28.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.