Raymond James Financial Services Advisors Inc. Has $186,000 Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Raymond James Financial Services Advisors Inc. lowered its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 21.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,243 shares of the company’s stock after selling 3,894 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Smith & Wesson Brands were worth $186,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC increased its holdings in Smith & Wesson Brands by 2.9% in the first quarter. Aviance Capital Partners LLC now owns 33,644 shares of the company’s stock worth $414,000 after buying an additional 945 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Smith & Wesson Brands by 29.0% during the 1st quarter. Advisory Services Network LLC now owns 4,450 shares of the company’s stock worth $55,000 after purchasing an additional 1,000 shares during the last quarter. US Bancorp DE increased its position in Smith & Wesson Brands by 117.0% during the first quarter. US Bancorp DE now owns 2,448 shares of the company’s stock worth $37,000 after buying an additional 1,320 shares during the last quarter. Advisor Group Holdings Inc. increased its position in Smith & Wesson Brands by 3.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 43,309 shares of the company’s stock worth $376,000 after buying an additional 1,428 shares during the last quarter. Finally, Raymond James & Associates increased its position in Smith & Wesson Brands by 6.8% during the first quarter. Raymond James & Associates now owns 26,609 shares of the company’s stock worth $403,000 after buying an additional 1,702 shares during the last quarter. Institutional investors and hedge funds own 57.47% of the company’s stock.

Smith & Wesson Brands Price Performance

NASDAQ SWBI opened at $14.29 on Tuesday. Smith & Wesson Brands, Inc. has a 1 year low of $8.20 and a 1 year high of $14.86. The company has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $12.64. The company has a current ratio of 3.08, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a market cap of $659.48 million, a P/E ratio of 17.86 and a beta of 1.08.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $100.93 million. Smith & Wesson Brands had a net margin of 7.21% and a return on equity of 11.71%. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share. On average, sell-side analysts predict that Smith & Wesson Brands, Inc. will post 0.8 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, September 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 60.00%.

Analyst Upgrades and Downgrades

Separately, Aegis reissued a “buy” rating on shares of Smith & Wesson Brands in a research note on Tuesday, September 12th.

Insider Buying and Selling at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $14.15, for a total value of $28,300.00. Following the sale, the director now owns 81,569 shares of the company’s stock, valued at approximately $1,154,201.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Profile

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.