Janney Montgomery Scott LLC Sells 9,678 Shares of Hamilton Beach Brands Holding (NYSE:HBB)

Janney Montgomery Scott LLC cut its holdings in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,618 shares of the company’s stock after selling 9,678 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.31% of Hamilton Beach Brands worth $717,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Ritholtz Wealth Management raised its stake in Hamilton Beach Brands by 32.2% during the 3rd quarter. Ritholtz Wealth Management now owns 54,321 shares of the company’s stock valued at $1,653,000 after purchasing an additional 13,233 shares during the period. Empowered Funds LLC lifted its holdings in shares of Hamilton Beach Brands by 60.8% in the third quarter. Empowered Funds LLC now owns 41,657 shares of the company’s stock worth $1,268,000 after buying an additional 15,745 shares in the last quarter. Barclays PLC boosted its position in shares of Hamilton Beach Brands by 79.3% during the third quarter. Barclays PLC now owns 16,112 shares of the company’s stock worth $491,000 after acquiring an additional 7,125 shares during the last quarter. Sei Investments Co. purchased a new position in Hamilton Beach Brands during the second quarter valued at $181,000. Finally, Walleye Capital LLC bought a new stake in Hamilton Beach Brands in the 3rd quarter valued at $306,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Stock Down 2.8 %

Shares of HBB stock opened at $16.16 on Friday. The stock has a market cap of $221.47 million, a P/E ratio of 8.60 and a beta of 0.86. The company’s fifty day simple moving average is $17.35 and its two-hundred day simple moving average is $23.03. Hamilton Beach Brands Holding has a 52 week low of $14.34 and a 52 week high of $31.78.

Hamilton Beach Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, December 2nd. Hamilton Beach Brands’s dividend payout ratio is presently 24.47%.

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.