Cetera Investment Advisers Purchases 2,893 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Cetera Investment Advisers raised its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,609 shares of the company’s stock after purchasing an additional 2,893 shares during the quarter. Cetera Investment Advisers owned 0.21% of Smith & Wesson Brands worth $916,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Smith & Wesson Brands during the 4th quarter valued at about $186,000. Jane Street Group LLC raised its stake in shares of Smith & Wesson Brands by 33.8% during the 4th quarter. Jane Street Group LLC now owns 114,365 shares of the company’s stock worth $1,156,000 after purchasing an additional 28,909 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Smith & Wesson Brands during the 4th quarter worth $277,000. Northern Trust Corp raised its stake in shares of Smith & Wesson Brands by 5.4% during the 4th quarter. Northern Trust Corp now owns 415,205 shares of the company’s stock worth $4,196,000 after purchasing an additional 21,362 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new stake in Smith & Wesson Brands in the 4th quarter valued at about $110,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Down 0.6%

Shares of NASDAQ SWBI opened at $9.40 on Friday. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $16.89. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $413.63 million, a price-to-earnings ratio of 12.05 and a beta of 1.09. The business has a 50-day moving average of $9.36 and a 200-day moving average of $10.52.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Sell-side analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.13 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.52 annualized dividend and a yield of 5.53%. Smith & Wesson Brands’s payout ratio is currently 80.00%.

Analyst Ratings Changes

Separately, Lake Street Capital reduced their target price on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a report on Friday, March 7th.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.