Renaissance Technologies LLC Has $40.12 Million Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Renaissance Technologies LLC increased its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,798,009 shares of the company’s stock after acquiring an additional 72,500 shares during the period. Renaissance Technologies LLC owned about 6.14% of Smith & Wesson Brands worth $40,123,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fund 1 Investments LLC acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at about $4,790,000. Quadrature Capital Ltd acquired a new stake in Smith & Wesson Brands in the 1st quarter valued at approximately $563,000. Charles Schwab Investment Management Inc. lifted its stake in Smith & Wesson Brands by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,925 shares of the company’s stock valued at $13,437,000 after acquiring an additional 19,018 shares in the last quarter. Jump Financial LLC acquired a new position in Smith & Wesson Brands during the 4th quarter worth approximately $176,000. Finally, UBS Group AG grew its stake in shares of Smith & Wesson Brands by 10.2% during the 4th quarter. UBS Group AG now owns 2,067,462 shares of the company’s stock worth $28,035,000 after acquiring an additional 191,813 shares in the last quarter. 59.33% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.07, for a total value of $32,140.00. Following the sale, the director now directly owns 67,569 shares of the company’s stock, valued at approximately $1,085,833.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI opened at $13.27 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.54 and a quick ratio of 1.19. The business has a 50-day moving average of $14.71 and a 200-day moving average of $15.73. The stock has a market capitalization of $604.58 million, a price-to-earnings ratio of 15.43 and a beta of 1.01. Smith & Wesson Brands, Inc. has a fifty-two week low of $11.63 and a fifty-two week high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $88.33 million during the quarter, compared to the consensus estimate of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The business’s revenue was down 22.7% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share.

Smith & Wesson Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio is currently 60.47%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their price objective on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.

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.