Proficio Capital Partners LLC Purchases New Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Proficio Capital Partners LLC purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,323 shares of the specialty chemicals company’s stock, valued at approximately $2,984,000. Proficio Capital Partners LLC owned about 0.12% of Hawkins as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in Hawkins by 262.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 320 shares during the last quarter. BlueStem Wealth Partners LLC bought a new position in shares of Hawkins in the 4th quarter valued at about $289,000. Anchor Capital Advisors LLC increased its stake in shares of Hawkins by 1.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 14,602 shares of the specialty chemicals company’s stock worth $1,791,000 after purchasing an additional 214 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Hawkins in the 4th quarter valued at about $613,000. Finally, Principal Financial Group Inc. lifted its stake in Hawkins by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 99,420 shares of the specialty chemicals company’s stock valued at $12,196,000 after purchasing an additional 3,436 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $105.97 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 3.80 and a beta of 0.77. The stock’s fifty day moving average price is $109.97 and its two-hundred day moving average price is $119.41. Hawkins, Inc. has a one year low of $71.20 and a one year high of $139.55.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. On average, equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s payout ratio is presently 18.37%.

Analyst Ratings Changes

Separately, BWS Financial restated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Company Profile

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.