Wedge Capital Management L L P NC increased its position in Hamilton Beach Brands Holding Co (NYSE:HBB) by 19.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 85,052 shares of the company’s stock after purchasing an additional 13,695 shares during the period. Wedge Capital Management L L P NC owned 0.62% of Hamilton Beach Brands worth $1,375,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Uniplan Investment Counsel Inc. lifted its holdings in shares of Hamilton Beach Brands by 28.9% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 158,830 shares of the company’s stock valued at $3,025,000 after purchasing an additional 35,651 shares during the last quarter. Northern Trust Corp increased its position in Hamilton Beach Brands by 0.8% in the 2nd quarter. Northern Trust Corp now owns 92,762 shares of the company’s stock valued at $1,768,000 after acquiring an additional 726 shares during the period. KBC Group NV increased its position in Hamilton Beach Brands by 19.4% in the 2nd quarter. KBC Group NV now owns 18,877 shares of the company’s stock valued at $360,000 after acquiring an additional 3,066 shares during the period. Aperio Group LLC acquired a new position in Hamilton Beach Brands in the 2nd quarter valued at about $45,000. Finally, Vanguard Group Inc. increased its position in Hamilton Beach Brands by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 384,900 shares of the company’s stock valued at $7,332,000 after acquiring an additional 13,098 shares during the period. 35.15% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research report on Thursday.
In related news, VP Gregory E. Salyers purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of $14.54 per share, for a total transaction of $36,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 33.12% of the company’s stock.
HBB stock traded down $0.30 during trading on Friday, hitting $19.95. The company had a trading volume of 270 shares, compared to its average volume of 45,794. The firm has a market cap of $266.17 million, a PE ratio of 12.65 and a beta of 0.11. Hamilton Beach Brands Holding Co has a 1-year low of $12.60 and a 1-year high of $29.35. The firm has a 50-day moving average price of $16.92 and a 200-day moving average price of $16.87. The company has a quick ratio of 0.58, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.
About Hamilton Beach Brands
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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