Y Intercept Hong Kong Ltd Makes New Investment in Smith & Wesson Brands, Inc. $SWBI

Y Intercept Hong Kong Ltd acquired a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 139,745 shares of the company’s stock, valued at approximately $1,213,000. Y Intercept Hong Kong Ltd owned approximately 0.32% of Smith & Wesson Brands as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its stake in shares of Smith & Wesson Brands by 43.2% in the 1st quarter. Teacher Retirement System of Texas now owns 89,197 shares of the company’s stock worth $831,000 after buying an additional 26,901 shares during the last quarter. Nuveen LLC purchased a new position in shares of Smith & Wesson Brands in the 1st quarter worth approximately $1,199,000. Vanguard Group Inc. boosted its stake in shares of Smith & Wesson Brands by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 2,608,677 shares of the company’s stock worth $24,313,000 after buying an additional 62,173 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Smith & Wesson Brands by 41.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after buying an additional 208,739 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Smith & Wesson Brands by 7.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 577,072 shares of the company’s stock valued at $5,378,000 after purchasing an additional 40,815 shares during the last quarter. 59.33% of the stock is owned by institutional investors.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock opened at $9.23 on Tuesday. The company has a market cap of $409.28 million, a price-to-earnings ratio of 38.46 and a beta of 0.94. The business’s 50 day simple moving average is $9.46 and its 200 day simple moving average is $9.17. Smith & Wesson Brands, Inc. has a 12 month low of $7.73 and a 12 month high of $14.20. The company has a current ratio of 5.21, a quick ratio of 1.37 and a debt-to-equity ratio of 0.35.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Thursday, September 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $85.08 million for the quarter, compared to the consensus estimate of $79.23 million. Smith & Wesson Brands had a return on equity of 3.10% and a net margin of 2.34%.The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Sell-side analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, September 18th. Smith & Wesson Brands’s payout ratio is presently 216.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SWBI. Zacks Research raised Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith & Wesson Brands in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Smith & Wesson Brands currently has a consensus rating of “Hold” and a consensus price target of $12.00.

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.