UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 26,086 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,441 shares of the company’s stock after purchasing an additional 26,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Smith & Wesson Brands worth $1,035,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWBI. Peapack Gladstone Financial Corp increased its position in shares of Smith & Wesson Brands by 8.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company’s stock valued at $126,000 after purchasing an additional 1,018 shares during the last quarter. MetLife Investment Management LLC lifted its position in Smith & Wesson Brands by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 27,408 shares of the company’s stock worth $277,000 after buying an additional 1,315 shares during the last quarter. LPL Financial LLC lifted its position in shares of Smith & Wesson Brands by 3.1% during the fourth quarter. LPL Financial LLC now owns 49,661 shares of the company’s stock worth $502,000 after purchasing an additional 1,482 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Smith & Wesson Brands by 45.5% during the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock valued at $60,000 after buying an additional 1,867 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Smith & Wesson Brands by 19.5% during the fourth quarter. Larson Financial Group LLC now owns 12,161 shares of the company’s stock valued at $123,000 after buying an additional 1,983 shares during the period. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Up 5.2%

Shares of SWBI stock opened at $10.29 on Tuesday. The stock has a 50 day moving average of $9.39 and a 200 day moving average of $10.21. 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 stock has a market cap of $452.79 million, a P/E ratio of 13.19 and a beta of 1.01. Smith & Wesson Brands, Inc. has a twelve month low of $8.38 and a twelve month high of $16.85.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lowered their price target 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.

Smith & Wesson Brands 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.