Hawkins, Inc. (NASDAQ:HWKN – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 212,900 shares, a decrease of 16.4% from the August 15th total of 254,600 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is presently 4.2 days. Approximately 1.1% of the shares of the stock are short sold.
Hawkins Trading Down 0.7 %
NASDAQ:HWKN traded down $0.25 during trading hours on Friday, hitting $37.93. The company had a trading volume of 187,981 shares, compared to its average volume of 55,023. The company has a market cap of $796.91 million, a P/E ratio of 14.64 and a beta of 0.88. The company has a current ratio of 2.88, a quick ratio of 1.69 and a debt-to-equity ratio of 0.48. Hawkins has a 1 year low of $32.44 and a 1 year high of $48.12. The company has a 50-day moving average of $39.21 and a 200 day moving average of $39.45.
Hawkins Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, August 18th. Hawkins’s dividend payout ratio is presently 21.62%.
Hedge Funds Weigh In On Hawkins
A number of hedge funds and other institutional investors have recently bought and sold shares of HWKN. Dorsey Wright & Associates purchased a new position in Hawkins during the 1st quarter valued at about $42,000. Tradition Wealth Management LLC boosted its holdings in Hawkins by 200.0% during the 2nd quarter. Tradition Wealth Management LLC now owns 1,500 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 1,000 shares during the period. KBC Group NV acquired a new stake in Hawkins in the 2nd quarter valued at about $58,000. Captrust Financial Advisors raised its position in Hawkins by 66.6% in the 1st quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 626 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Hawkins by 16.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,156 shares of the specialty chemicals company’s stock valued at $114,000 after purchasing an additional 449 shares in the last quarter. 61.03% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Hawkins from a “buy” rating to a “hold” rating in a research note on Friday, September 9th.
About Hawkins
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. 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.