ProShare Advisors LLC Invests $79,000 in Latham Group, Inc. (NASDAQ:SWIM)

ProShare Advisors LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,411 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Latham Group in the 4th quarter valued at about $33,000. BNP Paribas Financial Markets acquired a new position in Latham Group in the 4th quarter valued at about $42,000. US Bancorp DE increased its position in 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 acquiring an additional 11,662 shares during the period. Arizona State Retirement System acquired a new position in Latham Group in the 4th quarter valued at about $82,000. Finally, EntryPoint Capital LLC acquired a new position in Latham Group in the 4th quarter valued at about $109,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Activity at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,176,629.72. This trade represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Cline sold 45,583 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $5.95, for a total transaction of $271,218.85. Following the completion of the transaction, the director now directly owns 193,668 shares in the company, valued at $1,152,324.60. This represents a 19.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 155,250 shares of company stock worth $988,044. Corporate insiders own 8.60% of the company’s stock.

Latham Group Trading Up 9.1%

SWIM stock opened at $6.10 on Wednesday. The company has a market cap of $709.84 million, a price-to-earnings ratio of 67.79 and a beta of 1.72. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $6.42. Latham Group, Inc. has a 52 week low of $2.54 and a 52 week high of $8.41.

Analyst Ratings Changes

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

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.