Virtu Financial LLC Acquires New Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Virtu Financial LLC bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,311 shares of the company’s stock, valued at approximately $180,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Smith & Wesson Brands by 1,255.8% during the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock worth $41,000 after buying an additional 2,813 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Smith & Wesson Brands during the 3rd quarter worth approximately $130,000. Jump Financial LLC acquired a new stake in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $176,000. Rafferty Asset Management LLC lifted its position in shares of Smith & Wesson Brands by 6.9% in the third quarter. Rafferty Asset Management LLC now owns 14,787 shares of the company’s stock worth $191,000 after purchasing an additional 960 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Smith & Wesson Brands by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 25,164 shares of the company’s stock worth $341,000 after purchasing an additional 5,302 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Performance

Shares of SWBI stock opened at $14.29 on Monday. The company has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $15.19. Smith & Wesson Brands, Inc. has a one year low of $10.38 and a one year high of $18.05. The stock has a market cap of $658.77 million, a P/E ratio of 16.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.21 and a quick ratio of 1.42.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, June 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The business had revenue of $159.15 million during the quarter, compared to the consensus estimate of $156.80 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.18%. Smith & Wesson Brands’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Craig Hallum raised shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $18.00 in a research report on Friday, March 8th. Lake Street Capital upped their target price on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.