Point72 DIFC Ltd Makes New $59,000 Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Point72 DIFC Ltd purchased a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,095 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWBI. Vanguard Group Inc. raised its position in Smith & Wesson Brands by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock worth $62,791,000 after buying an additional 47,009 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Smith & Wesson Brands by 2.7% during the second quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock valued at $40,123,000 after purchasing an additional 72,500 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Smith & Wesson Brands by 28.3% during the second quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock valued at $15,004,000 after purchasing an additional 230,532 shares during the last quarter. Fund 1 Investments LLC bought a new position in Smith & Wesson Brands during the fourth quarter valued at approximately $4,790,000. Finally, Marshall Wace LLP purchased a new stake in Smith & Wesson Brands in the second quarter worth approximately $4,129,000. 59.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital boosted their target price on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, June 21st.

Smith & Wesson Brands Trading Up 0.5 %

Shares of NASDAQ:SWBI opened at $13.03 on Friday. Smith & Wesson Brands, Inc. has a 52-week low of $11.96 and a 52-week high of $18.05. The stock has a market capitalization of $593.65 million, a price-to-earnings ratio of 15.15 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The stock’s 50-day simple moving average is $14.43 and its two-hundred day simple moving average is $15.64.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The company had revenue of $88.33 million during the quarter, compared to analyst estimates of $102.52 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year.

Smith & Wesson Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 3.99%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 60.47%.

Insider Buying and Selling

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.99% of the stock is owned by insiders.

Smith & Wesson Brands Company 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.