Maren Capital LLC Invests $24.06 Million in Hingham Institution for Savings (NASDAQ:HIFS) (2024)

Maren Capital LLC acquired a new stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 123,785 shares of the savings and loans company's stock, valued at approximately $24,064,000. Hingham Institution for Savings accounts for about 3.1% of Maren Capital LLC's investment portfolio, making the stock its 14th biggest position. Maren Capital LLC owned about 5.76% of Hingham Institution for Savings at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Hingham Institution for Savings by 19,340.0% in the fourth quarter. International Assets Investment Management LLC now owns 349,920 shares of the savings and loans company's stock valued at $68,024,000 after purchasing an additional 348,120 shares during the period. Vanguard Group Inc. lifted its position in Hingham Institution for Savings by 9.7% in the third quarter. Vanguard Group Inc. now owns 104,873 shares of the savings and loans company's stock valued at $19,585,000 after buying an additional 9,314 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its position in Hingham Institution for Savings by 30.6% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 81,087 shares of the savings and loans company's stock valued at $15,763,000 after buying an additional 19,000 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Hingham Institution for Savings by 36.4% in the fourth quarter. Russell Investments Group Ltd. now owns 15,845 shares of the savings and loans company's stock valued at $3,080,000 after buying an additional 4,231 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its position in Hingham Institution for Savings by 200.0% in the fourth quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company's stock valued at $2,916,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 49.33% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Hingham Institution for Savings to a "sell" rating in a research report on Saturday, May 4th.

Get Our Latest Analysis on Hingham Institution for Savings

Hingham Institution for Savings Trading Down 0.2 %

NASDAQ HIFS traded down $0.32 during trading hours on Monday, reaching $170.58. The company had a trading volume of 12,808 shares, compared to its average volume of 14,837. The stock has a 50-day moving average of $173.41 and a 200 day moving average of $176.41. Hingham Institution for Savings has a 1-year low of $147.01 and a 1-year high of $230.77. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $366.75 million, a P/E ratio of 15.12 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its earnings results on Friday, April 12th. The savings and loans company reported $1.01 EPS for the quarter. Hingham Institution for Savings had a net margin of 12.38% and a return on equity of 2.71%. The company had revenue of $15.33 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th were given a dividend of $0.63 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. Hingham Institution for Savings's dividend payout ratio is presently 22.34%.

About Hingham Institution for Savings

(Free Report)

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.

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