Campbell & CO Investment Adviser LLC Buys Shares of 30,400 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Campbell & CO Investment Adviser LLC bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,400 shares of the company’s stock, valued at approximately $472,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in Smith & Wesson Brands in the second quarter valued at about $28,000. Rosenberg Matthew Hamilton purchased a new position in Smith & Wesson Brands in the second quarter valued at about $32,000. American Research & Management Co. purchased a new position in Smith & Wesson Brands in the second quarter valued at about $34,000. Emerald Mutual Fund Advisers Trust purchased a new position in Smith & Wesson Brands in the second quarter valued at about $40,000. Finally, Fifth Third Bancorp bought a new stake in shares of Smith & Wesson Brands during the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 63.48% of the company’s stock.

NASDAQ SWBI opened at $16.69 on Friday. Smith & Wesson Brands, Inc. has a twelve month low of $4.25 and a twelve month high of $22.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.23 and a current ratio of 2.26. The stock has a market capitalization of $932.76 million, a PE ratio of -75.84 and a beta of 0.88. The stock has a 50-day simple moving average of $16.91 and a 200 day simple moving average of $18.74.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.41. Smith & Wesson Brands had a positive return on equity of 23.00% and a negative net margin of 1.29%. The business had revenue of $227.97 million during the quarter, compared to analysts’ expectations of $204.85 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The firm’s revenue was up 84.3% compared to the same quarter last year. As a group, equities research analysts forecast that Smith & Wesson Brands, Inc. will post 2.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th were issued a $0.05 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.20 annualized dividend and a yield of 1.20%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 24.39%.

SWBI has been the subject of several recent analyst reports. ValuEngine downgraded Smith & Wesson Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 3rd. BidaskClub downgraded Smith & Wesson Brands from a “hold” rating to a “sell” rating in a research note on Thursday. Cowen initiated coverage on Smith & Wesson Brands in a research note on Tuesday, August 25th. They set an “outperform” rating and a $24.00 price target for the company. Craig Hallum reiterated a “buy” rating and set a $22.00 price target on shares of Smith & Wesson Brands in a research note on Tuesday, August 25th. Finally, Lake Street Capital upped their price target on Smith & Wesson Brands from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Smith & Wesson Brands presently has a consensus rating of “Hold” and a consensus price target of $22.17.

In other Smith & Wesson Brands news, Director Robert L. Scott sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $16.15, for a total value of $48,450.00. Following the completion of the transaction, the director now owns 104,932 shares of the company’s stock, valued at approximately $1,694,651.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Cicero sold 37,827 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $16.17, for a total value of $611,662.59. Following the completion of the transaction, the insider now directly owns 102,652 shares of the company’s stock, valued at approximately $1,659,882.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,827 shares of company stock valued at $707,723. Insiders own 2.59% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers firearms products, such as revolvers and pistols; modern sporting rifles, bolt action rifles, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands.

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Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

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