Price T Rowe Associates Inc. MD Purchases 2,168 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Price T Rowe Associates Inc. MD raised its position in Latham Group, Inc. (NASDAQ:SWIM) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,856 shares of the company’s stock after buying an additional 2,168 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Latham Group were worth $111,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Latham Group in the 4th quarter valued at approximately $33,000. US Bancorp DE boosted its stake in shares of Latham Group by 29,902.6% in the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after purchasing an additional 11,662 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Latham Group in the 4th quarter valued at approximately $82,000. EntryPoint Capital LLC acquired a new stake in shares of Latham Group in the 4th quarter valued at approximately $109,000. Finally, LPL Financial LLC boosted its stake in shares of Latham Group by 12.0% in the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock valued at $111,000 after purchasing an additional 1,713 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWIM has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Latham Group from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, May 8th. Robert W. Baird set a $8.50 target price on shares of Latham Group in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.56.

Latham Group Stock Up 3.2%

Shares of NASDAQ SWIM opened at $6.22 on Friday. The company has a market capitalization of $723.81 million, a P/E ratio of 69.12 and a beta of 1.72. Latham Group, Inc. has a 52-week low of $2.54 and a 52-week high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The company’s 50 day moving average price is $5.93 and its 200-day moving average price is $6.43.

Insider Transactions at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Cline sold 4,417 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $6.45, for a total transaction of $28,489.65. Following the completion of the transaction, the director now owns 189,251 shares in the company, valued at $1,220,668.95. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,250 shares of company stock worth $988,044. Company insiders own 8.60% of the company’s stock.

Latham Group Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.