GSA Capital Partners LLP Cuts Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

GSA Capital Partners LLP cut its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 71.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,936 shares of the company’s stock after selling 332,576 shares during the period. GSA Capital Partners LLP’s holdings in The Hain Celestial Group were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HAIN. Allworth Financial LP boosted its holdings in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after buying an additional 2,423 shares during the last quarter. Signaturefd LLC lifted its stake in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. nVerses Capital LLC boosted its position in shares of The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after acquiring an additional 2,900 shares during the period. CWM LLC increased its holdings in shares of The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in shares of The Hain Celestial Group in the third quarter worth $87,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the purchase, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 53.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HAIN. Stifel Nicolaus upped their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Piper Sandler reissued a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson decreased their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Barclays lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $6.86 on Friday. The stock has a market cap of $618.70 million, a PE ratio of -7.30 and a beta of 0.74. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.97. The company’s fifty day moving average price is $8.29 and its 200-day moving average price is $7.58.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same period last year, the business earned ($0.04) EPS. The Hain Celestial Group’s revenue was down 7.2% on a year-over-year basis. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.46 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

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.