Aviance Capital Partners LLC Increases Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Aviance Capital Partners LLC increased its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,740 shares of the company’s stock after acquiring an additional 2,164 shares during the quarter. Aviance Capital Partners LLC owned approximately 0.13% of Smith & Wesson Brands worth $1,002,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Smith & Wesson Brands by 1,255.8% in the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock worth $41,000 after purchasing an additional 2,813 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Smith & Wesson Brands in the 3rd quarter worth approximately $130,000. Jump Financial LLC bought a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at approximately $176,000. Virtu Financial LLC bought a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at approximately $180,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Smith & Wesson Brands during the 1st quarter valued at approximately $392,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Insider Buying and Selling at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the completion of the transaction, the director now owns 69,569 shares of the company’s stock, valued at $1,029,621.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SWBI shares. Craig Hallum raised shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $18.00 in a report on Friday, March 8th. Lake Street Capital lifted their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, June 21st.

Smith & Wesson Brands Price Performance

Shares of SWBI opened at $14.16 on Tuesday. Smith & Wesson Brands, Inc. has a 12 month low of $10.38 and a 12 month high of $18.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.98 and a quick ratio of 1.32. The stock has a fifty day moving average price of $16.16 and a 200 day moving average price of $15.26. The company has a market cap of $645.13 million, a P/E ratio of 16.47 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. The business had revenue of $159.15 million during the quarter, compared to analyst estimates of $156.80 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share.

Smith & Wesson Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.13 dividend. This is a boost from Smith & Wesson Brands’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, July 11th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 55.81%.

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.