NBC Securities Inc. Boosts Stock Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

NBC Securities Inc. increased its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 823.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the company’s stock after acquiring an additional 3,567 shares during the period. NBC Securities Inc.’s holdings in Smith & Wesson Brands were worth $51,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Smith & Wesson Brands by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 79,360 shares of the company’s stock worth $1,138,000 after purchasing an additional 655 shares during the period. Cetera Investment Advisers increased its stake in shares of Smith & Wesson Brands by 1.8% in the second quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock worth $1,157,000 after buying an additional 1,421 shares during the period. Blue Trust Inc. raised its holdings in Smith & Wesson Brands by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after buying an additional 1,614 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Smith & Wesson Brands by 17.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock valued at $228,000 after buying an additional 1,952 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in Smith & Wesson Brands by 14.0% in the 2nd quarter. Wedbush Securities Inc. now owns 16,250 shares of the company’s stock worth $233,000 after acquiring an additional 2,000 shares during the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Performance

Shares of NASDAQ:SWBI opened at $13.67 on Monday. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $13.67 and a 200-day moving average price of $15.15. The company has a market cap of $622.81 million, a price-to-earnings ratio of 15.90 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 released its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $88.33 million during the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. Smith & Wesson Brands’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 60.47%.

Insider Buying and Selling at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of the firm’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 completion of the sale, the director now directly owns 67,569 shares of the company’s stock, valued at approximately $1,085,833.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands 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.