Hawkins, Inc. (NASDAQ:HWKN) Short Interest Up 40.9% in August

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Hawkins, Inc. (NASDAQ:HWKN) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 95,700 shares, a growth of 40.9% from the July 15th total of 67,900 shares. Based on an average daily volume of 34,700 shares, the short-interest ratio is currently 2.8 days. Approximately 1.0% of the company’s stock are short sold.

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Hawkins by 5.2% during the 2nd quarter. Royal Bank of Canada now owns 13,310 shares of the specialty chemicals company’s stock worth $578,000 after buying an additional 652 shares in the last quarter. River & Mercantile Asset Management LLP bought a new position in shares of Hawkins during the 2nd quarter worth approximately $2,619,000. Citadel Advisors LLC bought a new position in shares of Hawkins during the 2nd quarter worth approximately $273,000. Morgan Stanley boosted its holdings in shares of Hawkins by 8.6% during the 2nd quarter. Morgan Stanley now owns 48,415 shares of the specialty chemicals company’s stock worth $2,101,000 after buying an additional 3,846 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Hawkins by 4.6% during the 2nd quarter. Invesco Ltd. now owns 67,251 shares of the specialty chemicals company’s stock worth $2,919,000 after buying an additional 2,951 shares in the last quarter. Institutional investors and hedge funds own 59.44% of the company’s stock.

A number of research analysts recently commented on the stock. TheStreet raised shares of Hawkins from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. BidaskClub raised shares of Hawkins from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd.

NASDAQ:HWKN traded down $0.20 during trading hours on Tuesday, hitting $43.70. 1,812 shares of the company traded hands, compared to its average volume of 42,585. The stock has a market capitalization of $462.98 million, a price-to-earnings ratio of 18.47 and a beta of 0.92. Hawkins has a twelve month low of $32.01 and a twelve month high of $47.94. The firm has a 50-day moving average of $44.26 and a 200 day moving average of $40.40. The company has a current ratio of 2.48, a quick ratio of 1.43 and a debt-to-equity ratio of 0.37.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, July 31st. The specialty chemicals company reported $0.92 EPS for the quarter. Hawkins had a net margin of 4.53% and a return on equity of 11.46%. The firm had revenue of $147.34 million during the quarter.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.23 dividend. The ex-dividend date is Thursday, August 15th.

Hawkins Company Profile

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.

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