Roman Butler Fullerton & Co. Trims Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Roman Butler Fullerton & Co. cut its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,288 shares of the company’s stock after selling 1,306 shares during the quarter. Roman Butler Fullerton & Co. owned approximately 0.11% of Smith & Wesson Brands worth $424,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. IMG Wealth Management Inc. acquired a new position in Smith & Wesson Brands in the 4th quarter valued at about $44,000. Spurstone Advisory Services LLC purchased a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $47,000. Jones Financial Companies Lllp raised its position in shares of Smith & Wesson Brands by 238.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after buying an additional 3,476 shares during the last quarter. Byrne Asset Management LLC lifted its stake in shares of Smith & Wesson Brands by 145.0% during the first quarter. Byrne Asset Management LLC now owns 5,391 shares of the company’s stock valued at $50,000 after buying an additional 3,191 shares during the period. Finally, Caption Management LLC acquired a new stake in Smith & Wesson Brands during the fourth quarter worth approximately $51,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital cut their price target on 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

NASDAQ SWBI opened at $10.49 on Wednesday. The business’s 50-day moving average price is $9.61 and its 200 day moving average price is $10.10. The company has a current ratio of 4.67, a quick ratio of 1.56 and a debt-to-equity ratio of 0.39. Smith & Wesson Brands, Inc. has a twelve month low of $8.38 and a twelve month high of $16.85. The company has a market capitalization of $461.59 million, a PE ratio of 16.14 and a beta of 1.01.

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.