Smith & Wesson Brands, Inc. (NASDAQ:SWBI – Get Free Report) declared a quarterly dividend on Thursday, September 3rd. Investors of record on Thursday, September 17th will be paid a dividend of 0.13 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, September 17th.
Smith & Wesson Brands has decreased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 4 consecutive years.
Smith & Wesson Brands Stock Up 5.1%
Shares of NASDAQ:SWBI opened at $12.89 on Friday. The company has a 50 day moving average price of $14.42 and a two-hundred day moving average price of $14.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 3.20. The company has a market capitalization of $577.99 million, a PE ratio of 23.87 and a beta of 0.86. Smith & Wesson Brands has a 52 week low of $8.05 and a 52 week high of $17.56.
Institutional Trading of Smith & Wesson Brands
Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Smith & Wesson Brands by 25.3% in the first quarter. Royal Bank of Canada now owns 41,063 shares of the company’s stock valued at $383,000 after purchasing an additional 8,290 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Smith & Wesson Brands by 41.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock valued at $6,642,000 after acquiring an additional 208,739 shares in the last quarter. Creative Planning lifted its position in shares of Smith & Wesson Brands by 136.2% during the 2nd quarter. Creative Planning now owns 29,387 shares of the company’s stock valued at $255,000 after acquiring an additional 16,943 shares during the period. Legal & General Group Plc lifted its position in Smith & Wesson Brands by 10.3% during the second quarter. Legal & General Group Plc now owns 47,630 shares of the company’s stock worth $413,000 after purchasing an additional 4,431 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Smith & Wesson Brands during the second quarter worth about $190,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.
About Smith & Wesson Brands
Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.
Founded in 1852 by Horace Smith and Daniel B.
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