196,548 Shares in Latham Group, Inc. (NASDAQ:SWIM) Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 196,548 shares of the company’s stock, valued at approximately $1,368,000. Emerald Mutual Fund Advisers Trust owned 0.17% of Latham Group as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in Latham Group in the fourth quarter valued at about $33,000. US Bancorp DE lifted its holdings in shares of Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after purchasing an additional 11,662 shares in the last quarter. Arizona State Retirement System bought a new stake in shares of Latham Group in the fourth quarter valued at about $82,000. EntryPoint Capital LLC bought a new stake in shares of Latham Group in the fourth quarter valued at about $109,000. Finally, LPL Financial LLC lifted its holdings in shares of Latham Group by 12.0% in the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock valued at $111,000 after purchasing an additional 1,713 shares in the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Latham Group

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now owns 332,818 shares of the company’s stock, valued at $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.60% of the company’s stock.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $5.52 on Tuesday. The business’s 50 day moving average price is $6.07 and its two-hundred day moving average price is $6.50. The company has a market cap of $639.09 million, a PE ratio of 61.34 and a beta of 1.70. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird set a $8.50 price target on Latham Group in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Latham Group presently has a consensus rating of “Hold” and a consensus price target of $7.66.

Latham Group Company Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.