Steel Grove Capital Advisors LLC Acquires 10,000 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Steel Grove Capital Advisors LLC lifted its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Steel Grove Capital Advisors LLC owned 0.26% of Sportsman’s Warehouse worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System bought a new position in Sportsman’s Warehouse in the 1st quarter worth approximately $38,000. Virtu Financial LLC bought a new stake in shares of Sportsman’s Warehouse during the first quarter worth $85,000. Quadrature Capital Ltd purchased a new position in shares of Sportsman’s Warehouse during the fourth quarter valued at $88,000. Kennedy Capital Management LLC purchased a new position in shares of Sportsman’s Warehouse during the first quarter valued at $187,000. Finally, American Century Companies Inc. increased its stake in shares of Sportsman’s Warehouse by 32.0% during the second quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock valued at $191,000 after buying an additional 19,237 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SPWH. Roth Mkm cut their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Lake Street Capital decreased their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Roth Capital raised Sportsman’s Warehouse to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird decreased their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Craig Hallum decreased their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sportsman’s Warehouse presently has an average rating of “Hold” and a consensus target price of $2.80.

Insider Buying and Selling

In related news, Director Richard D. Mcbee acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $2.55 per share, with a total value of $51,000.00. Following the transaction, the director now owns 205,608 shares of the company’s stock, valued at $524,300.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sportsman’s Warehouse news, CEO Paul Stone acquired 39,920 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard D. Mcbee acquired 20,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $2.55 per share, with a total value of $51,000.00. Following the transaction, the director now owns 205,608 shares of the company’s stock, valued at $524,300.40. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Sportsman’s Warehouse Trading Up 1.4 %

SPWH opened at $2.98 on Tuesday. Sportsman’s Warehouse Holdings, Inc. has a one year low of $1.81 and a one year high of $5.55. The company has a market cap of $112.49 million, a P/E ratio of -3.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. The business’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $2.80.

Sportsman’s Warehouse Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.