Hamilton Beach Brands (HBB) holder Ameriprise discloses 5.4% ownership stake
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Company is the subject of an amended Schedule 13G filing in which Ameriprise Financial, Inc. and its subsidiary Columbia Management Investment Advisers, LLC report beneficial ownership of Class A Common Stock. Ameriprise reports 536,337 shares with shared voting and dispositive power, representing 5.4% of the class. Columbia reports 519,951 shares with shared voting and dispositive power, representing 5.2% of the class. Ameriprise, as parent of Columbia, may be deemed to beneficially own the shares reported by Columbia, and both entities disclaim beneficial ownership of the shares reported.
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Key Figures
Ameriprise beneficially owned shares: 536,337 shares
Ameriprise percent of class: 5.4%
Columbia beneficially owned shares: 519,951 shares
+3 more
6 metrics
Ameriprise beneficially owned shares
536,337 shares
Class A Common Stock with shared voting and dispositive power
Ameriprise percent of class
5.4%
Percentage of Hamilton Beach Brands Class A Common Stock
Columbia beneficially owned shares
519,951 shares
Class A Common Stock with shared voting and dispositive power
Columbia percent of class
5.2%
Percentage of Hamilton Beach Brands Class A Common Stock
Shared voting power (Ameriprise)
536,337 shares
Shares over which Ameriprise has shared power to vote
Shared voting power (Columbia)
519,951 shares
Shares over which Columbia has shared power to vote
Key Terms
beneficially own, shared voting power, shared dispositive power, Schedule 13G, +1 more
5 terms
beneficially own financial
"AFI, as the parent company of CMIA, may be deemed to beneficially own the shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Schedule 13G regulatory
"Each of AFI and CMIA disclaims beneficial ownership of any shares reported on this Schedule"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
FAQ
What stake in HBB does Ameriprise Financial report on this Schedule 13G/A?
Ameriprise Financial reports beneficial ownership of 536,337 HBB Class A shares, with shared voting and dispositive power, representing 5.4% of the outstanding class according to the Schedule 13G/A filing.
Who are the reporting persons in the HBB Schedule 13G/A filing?
The reporting persons are Ameriprise Financial, Inc. (AFI) and its subsidiary Columbia Management Investment Advisers, LLC (CMIA). AFI may be deemed to beneficially own the shares reported by CMIA but both entities disclaim beneficial ownership.
What type of security in HBB is reported in this Schedule 13G/A?
The filing concerns Hamilton Beach Brands Holding Company Class A Common Stock, identified by CUSIP 40701T104. Both Ameriprise Financial and Columbia report shared voting and dispositive power over these Class A shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.