Cetera Investment Advisers Grows Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Cetera Investment Advisers raised its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 80,650 shares of the company’s stock after purchasing an additional 1,421 shares during the period. Cetera Investment Advisers owned 0.18% of Smith & Wesson Brands worth $1,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Smith & Wesson Brands by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock valued at $62,791,000 after buying an additional 47,009 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Smith & Wesson Brands by 2.7% during the second quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock valued at $40,123,000 after purchasing an additional 72,500 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Smith & Wesson Brands by 28.3% during the second quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock valued at $15,004,000 after acquiring an additional 230,532 shares during the period. Millennium Management LLC acquired a new stake in shares of Smith & Wesson Brands during the second quarter valued at approximately $4,354,000. Finally, Marshall Wace LLP acquired a new stake in shares of Smith & Wesson Brands during the second quarter valued at approximately $4,129,000. Institutional investors own 59.33% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.07, for a total value of $32,140.00. Following the completion of the transaction, the director now directly owns 67,569 shares in the company, valued at approximately $1,085,833.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Stock Performance

SWBI stock opened at $13.53 on Thursday. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $13.73 and a two-hundred day moving average of $15.21. The company has a market capitalization of $616.43 million, a price-to-earnings ratio of 15.73 and a beta of 1.00. Smith & Wesson Brands, Inc. has a 12 month low of $11.96 and a 12 month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last issued 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). Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The firm had revenue of $88.33 million during the quarter, compared to the consensus estimate of $102.52 million. During the same period in the prior year, the firm earned $0.13 EPS. The business’s revenue was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 3.84%. Smith & Wesson Brands’s dividend payout ratio is currently 60.47%.

Analyst Upgrades and Downgrades

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

About Smith & Wesson Brands

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.