Hamilton Beach Brands (NYSE:HBB) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Hamilton Beach Brands (NYSE:HBB) from a buy rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

According to Zacks, “Hamilton Beach Brands Holding Company is an operating holding company. Hamilton Beach Brands, Inc. is a designer, marketer and distributor of branded electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. Kitchen Collection, LLC is a specialty retailer of kitchenware in outlet and traditional malls primarily in the United States. Hamilton Beach Brands Holding Company is based in GLEN ALLEN, United States. “

Shares of Hamilton Beach Brands stock traded up $0.50 on Thursday, hitting $20.75. 155,541 shares of the company traded hands, compared to its average volume of 43,994. The stock’s 50 day moving average price is $17.02 and its 200-day moving average price is $16.86. The company has a current ratio of 1.28, a quick ratio of 0.58 and a debt-to-equity ratio of 0.54. Hamilton Beach Brands has a 52 week low of $12.60 and a 52 week high of $29.35. The company has a market cap of $266.17 million, a PE ratio of 13.05 and a beta of 0.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, November 27th. Hamilton Beach Brands’s payout ratio is 22.64%.

In other Hamilton Beach Brands news, VP Gregory E. Salyers acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of $14.54 per share, with a total value of $36,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 33.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zuckerman Investment Group LLC grew its holdings in Hamilton Beach Brands by 2.9% in the second quarter. Zuckerman Investment Group LLC now owns 804,485 shares of the company’s stock worth $15,325,000 after purchasing an additional 23,009 shares during the last quarter. FMR LLC grew its holdings in shares of Hamilton Beach Brands by 29.3% during the first quarter. FMR LLC now owns 617,836 shares of the company’s stock valued at $13,259,000 after buying an additional 139,947 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Hamilton Beach Brands by 3.1% during the second quarter. BlackRock Inc. now owns 526,319 shares of the company’s stock valued at $10,025,000 after buying an additional 15,879 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hamilton Beach Brands by 3.5% during the second quarter. Vanguard Group Inc. now owns 384,900 shares of the company’s stock valued at $7,332,000 after buying an additional 13,098 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. grew its holdings in shares of Hamilton Beach Brands by 28.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 158,830 shares of the company’s stock valued at $3,025,000 after buying an additional 35,651 shares during the last quarter. 35.15% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands.

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