Hawkins, Inc. (NASDAQ:HWKN) Stake Lessened by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC cut its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,947 shares of the specialty chemicals company’s stock after selling 600 shares during the quarter. Morgan Dempsey Capital Management LLC owned approximately 0.10% of Hawkins worth $403,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of Montreal Can increased its stake in Hawkins by 3.9% during the fourth quarter. Bank of Montreal Can now owns 7,400 shares of the specialty chemicals company’s stock worth $303,000 after acquiring an additional 280 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in Hawkins by 3.8% during the first quarter. Virginia Retirement Systems ET AL now owns 8,100 shares of the specialty chemicals company’s stock worth $298,000 after acquiring an additional 300 shares during the last quarter. Comerica Bank increased its stake in Hawkins by 3.8% during the first quarter. Comerica Bank now owns 9,686 shares of the specialty chemicals company’s stock worth $382,000 after acquiring an additional 356 shares during the last quarter. Algert Global LLC increased its stake in Hawkins by 6.4% during the fourth quarter. Algert Global LLC now owns 6,515 shares of the specialty chemicals company’s stock worth $267,000 after acquiring an additional 390 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Hawkins by 8.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,843 shares of the specialty chemicals company’s stock worth $239,000 after acquiring an additional 440 shares during the last quarter. 58.26% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub lowered Hawkins from a “sell” rating to a “strong sell” rating in a research report on Monday, May 20th.

Shares of NASDAQ:HWKN traded up $0.24 during trading hours on Friday, hitting $40.20. 28,751 shares of the company’s stock traded hands, compared to its average volume of 24,979. Hawkins, Inc. has a 1 year low of $32.01 and a 1 year high of $44.03. The firm has a market capitalization of $427.33 million, a PE ratio of 17.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.52 and a quick ratio of 1.42.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.29%.

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About Hawkins

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

Further Reading: SEC Filing

Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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