Two Sigma Securities LLC Acquires New Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Two Sigma Securities LLC bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,437 shares of the company’s stock, valued at approximately $136,000.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Smith & Wesson Brands during the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its position in Smith & Wesson Brands by 238.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after acquiring an additional 3,476 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Smith & Wesson Brands by 45.5% in the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock valued at $60,000 after acquiring an additional 1,867 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Smith & Wesson Brands in the 4th quarter worth $81,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Smith & Wesson Brands during the 4th quarter worth $91,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reduced their target price on shares of 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 Stock Performance

Shares of SWBI opened at $9.22 on Friday. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $17.25. The stock has a fifty day moving average price of $9.62 and a 200-day moving average price of $10.94. 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 firm has a market cap of $405.71 million, a PE ratio of 11.82 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 for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Equities research analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.64%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands’s payout ratio is 80.00%.

About Smith & Wesson Brands

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.