Ativo Capital Management LLC Invests $788,000 in Hawkins, Inc. (HWKN)
Ativo Capital Management LLC purchased a new position in Hawkins, Inc. (NASDAQ:HWKN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,000 shares of the specialty chemicals company’s stock, valued at approximately $788,000. Ativo Capital Management LLC owned 0.16% of Hawkins at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of HWKN. Municipal Employees Retirement System of Michigan raised its holdings in shares of Hawkins by 2.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock worth $185,000 after purchasing an additional 80 shares during the period. Bessemer Group Inc. raised its holdings in shares of Hawkins by 5.8% in the 2nd quarter. Bessemer Group Inc. now owns 16,400 shares of the specialty chemicals company’s stock worth $760,000 after purchasing an additional 900 shares during the period. Texas Permanent School Fund raised its holdings in shares of Hawkins by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 6,978 shares of the specialty chemicals company’s stock worth $323,000 after purchasing an additional 49 shares during the period. Cigna Investments Inc. New bought a new stake in shares of Hawkins in the 2nd quarter worth approximately $248,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Hawkins by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 48,647 shares of the specialty chemicals company’s stock worth $2,255,000 after purchasing an additional 541 shares during the period. 59.46% of the stock is currently owned by institutional investors.
In related news, Director Mary J. Schumacher acquired 1,400 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of $35.80 per share, for a total transaction of $50,120.00. Following the completion of the transaction, the director now directly owns 6,616 shares in the company, valued at $236,852.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard G. Erstad sold 1,200 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $40.59, for a total transaction of $48,708.00. Following the transaction, the vice president now owns 9,300 shares in the company, valued at approximately $377,487. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.
A number of research firms recently commented on HWKN. TheStreet cut shares of Hawkins from a “b” rating to a “c+” rating in a report on Tuesday, August 15th. BidaskClub cut shares of Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.
Shares of Hawkins, Inc. (NASDAQ:HWKN) opened at 38.10 on Friday. The company has a market cap of $406.26 million, a PE ratio of 19.43 and a beta of 0.77. Hawkins, Inc. has a 12-month low of $35.15 and a 12-month high of $54.80. The company has a 50 day moving average of $38.69 and a 200-day moving average of $45.62.
Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share for the quarter. The company had revenue of $133.73 million for the quarter. Hawkins had a net margin of 4.28% and a return on equity of 9.53%. Equities research analysts anticipate that Hawkins, Inc. will post $2.52 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be given a dividend of $0.44 per share. This is an increase from Hawkins’s previous semiannual dividend of $0.42. The ex-dividend date is Thursday, September 21st. This represents a yield of 2.16%. Hawkins’s dividend payout ratio is 44.67%.
Hawkins Company Profile
Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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