Koss Olinger Consulting LLC Cuts Holdings in Hamilton Beach Brands Holding Company $HBB

Koss Olinger Consulting LLC decreased its position in Hamilton Beach Brands Holding Company (NYSE:HBB) by 6.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,705 shares of the company’s stock after selling 2,310 shares during the period. Koss Olinger Consulting LLC owned about 0.26% of Hamilton Beach Brands worth $639,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HBB. Strs Ohio acquired a new stake in shares of Hamilton Beach Brands in the first quarter valued at about $369,000. Jane Street Group LLC acquired a new stake in shares of Hamilton Beach Brands in the first quarter valued at about $245,000. Nuveen LLC acquired a new stake in shares of Hamilton Beach Brands in the first quarter valued at about $245,000. PNC Financial Services Group Inc. grew its position in shares of Hamilton Beach Brands by 24.1% in the first quarter. PNC Financial Services Group Inc. now owns 60,704 shares of the company’s stock valued at $1,179,000 after purchasing an additional 11,772 shares during the period. Finally, Bailard Inc. acquired a new stake in shares of Hamilton Beach Brands in the first quarter valued at about $223,000. Institutional investors and hedge funds own 50.55% of the company’s stock.

Hamilton Beach Brands Stock Performance

HBB opened at $14.59 on Tuesday. The firm has a market capitalization of $196.67 million, a PE ratio of 6.21 and a beta of -0.01. Hamilton Beach Brands Holding Company has a twelve month low of $12.72 and a twelve month high of $31.12. The firm’s 50-day moving average price is $14.61 and its 200 day moving average price is $16.34. The company has a current ratio of 2.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30.

Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $127.77 million for the quarter. Hamilton Beach Brands had a net margin of 5.10% and a return on equity of 20.03%.

Hamilton Beach Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, September 2nd. Hamilton Beach Brands’s payout ratio is presently 20.43%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Beach Brands in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hamilton Beach Brands currently has an average rating of “Hold”.

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.