246,492 Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 246,492 shares of the company’s stock, valued at approximately $1,937,000. GSA Capital Partners LLP owned approximately 0.27% of The Hain Celestial Group as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of The Hain Celestial Group by 6.0% in the 3rd quarter. Invesco Ltd. now owns 658,224 shares of the company’s stock valued at $6,826,000 after purchasing an additional 37,504 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in The Hain Celestial Group during the 3rd quarter worth approximately $261,000. The Manufacturers Life Insurance Company raised its holdings in shares of The Hain Celestial Group by 11.9% in the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock valued at $38,913,000 after purchasing an additional 398,441 shares during the last quarter. Tudor Investment Corp Et Al raised its holdings in shares of The Hain Celestial Group by 469.6% in the third quarter. Tudor Investment Corp Et Al now owns 226,081 shares of the company’s stock valued at $2,344,000 after purchasing an additional 186,391 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at approximately $626,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded down $0.02 during mid-day trading on Wednesday, reaching $6.88. 144,180 shares of the company’s stock were exchanged, compared to its average volume of 1,181,292. The firm has a market capitalization of $618.10 million, a price-to-earnings ratio of -6.71 and a beta of 0.77. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $13.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.07. The firm has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $8.38.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The Hain Celestial Group had a positive return on equity of 2.91% and a negative net margin of 5.14%. The business had revenue of $438.36 million for the quarter, compared to analysts’ expectations of $463.37 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Analysts predict that The Hain Celestial Group, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HAIN. DA Davidson lowered their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Barclays reduced their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Maxim Group cut their price objective on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Mizuho lowered their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $10.78.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, CFO Lee A. Boyce acquired 13,500 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $7.67 per share, with a total value of $103,545.00. Following the completion of the acquisition, the chief financial officer now owns 13,500 shares of the company’s stock, valued at $103,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Lee A. Boyce acquired 13,500 shares of the stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $7.67 per share, for a total transaction of $103,545.00. Following the completion of the transaction, the chief financial officer now owns 13,500 shares of the company’s stock, valued at approximately $103,545. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Chad D. Marquardt acquired 10,000 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $6.95 per share, with a total value of $69,500.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $69,500. The disclosure for this purchase can be found here. Insiders purchased 28,500 shares of company stock valued at $207,995 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.