ProShare Advisors LLC Buys Shares of 12,618 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

ProShare Advisors LLC purchased a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,618 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SWBI. Dimensional Fund Advisors LP lifted its holdings in Smith & Wesson Brands by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company’s stock valued at $30,960,000 after acquiring an additional 104,128 shares during the last quarter. Bank of New York Mellon Corp raised its position in Smith & Wesson Brands by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock valued at $5,309,000 after purchasing an additional 80,235 shares during the period. Northern Trust Corp lifted its stake in shares of Smith & Wesson Brands by 5.4% in the 4th quarter. Northern Trust Corp now owns 415,205 shares of the company’s stock valued at $4,196,000 after purchasing an additional 21,362 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Smith & Wesson Brands during the 4th quarter worth $2,049,000. Finally, JPMorgan Chase & Co. increased its position in shares of Smith & Wesson Brands by 9.8% during the 4th quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company’s stock worth $1,460,000 after purchasing an additional 12,910 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Analysts Set New Price Targets

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

Smith & Wesson Brands Stock Down 1.5%

Smith & Wesson Brands stock opened at $9.38 on Tuesday. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The firm has a 50 day moving average price of $9.35 and a 200 day moving average price of $10.33. The company has a market capitalization of $412.75 million, a PE ratio of 12.03 and a beta of 1.09.

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

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 80.00%.

Smith & Wesson Brands Company Profile

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.