SG Americas Securities LLC Acquires 3,241 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

SG Americas Securities LLC boosted its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBIGet Rating) by 46.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,222 shares of the company’s stock after acquiring an additional 3,241 shares during the period. SG Americas Securities LLC’s holdings in Smith & Wesson Brands were worth $134,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Smith & Wesson Brands by 117.0% during the first quarter. US Bancorp DE now owns 2,448 shares of the company’s stock valued at $37,000 after buying an additional 1,320 shares during the period. Counterpoint Mutual Funds LLC raised its position in shares of Smith & Wesson Brands by 562.8% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 8,325 shares of the company’s stock worth $109,000 after acquiring an additional 7,069 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Smith & Wesson Brands in the 1st quarter valued at approximately $118,000. Cetera Advisors LLC bought a new stake in shares of Smith & Wesson Brands during the first quarter valued at approximately $153,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Smith & Wesson Brands in the first quarter worth $163,000. 59.25% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Trading Down 1.3 %

Smith & Wesson Brands stock opened at $11.78 on Tuesday. Smith & Wesson Brands, Inc. has a one year low of $9.93 and a one year high of $24.26. The business’s fifty day moving average is $11.03 and its 200 day moving average is $13.07. The stock has a market capitalization of $539.23 million, a PE ratio of 4.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.84 and a quick ratio of 1.25.

Smith & Wesson Brands (NASDAQ:SWBIGet Rating) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.11 earnings per share (EPS) for the quarter. Smith & Wesson Brands had a net margin of 17.94% and a return on equity of 37.53%. The firm had revenue of $84.40 million for the quarter, compared to the consensus estimate of $129.78 million. During the same quarter last year, the firm posted $1.57 EPS. The business’s quarterly revenue was down 69.3% compared to the same quarter last year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, September 21st. Smith & Wesson Brands’s payout ratio is currently 15.63%.

Insider Activity at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $10.49, for a total value of $31,470.00. Following the transaction, the director now directly owns 90,573 shares of the company’s stock, valued at $950,110.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert L. Scott sold 2,500 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $11.95, for a total value of $29,875.00. Following the completion of the sale, the director now directly owns 93,573 shares in the company, valued at approximately $1,118,197.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Scott sold 3,000 shares of Smith & Wesson Brands stock in a transaction on Monday, October 17th. The shares were sold at an average price of $10.49, for a total value of $31,470.00. Following the transaction, the director now owns 90,573 shares in the company, valued at $950,110.77. The disclosure for this sale can be found here. 1.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on SWBI shares. Lake Street Capital lowered their price objective on Smith & Wesson Brands from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, September 9th. TheStreet downgraded Smith & Wesson Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, September 13th.

About Smith & Wesson Brands

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Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.

See Also

Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

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