nVerses Capital LLC Sells 3,600 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

nVerses Capital LLC decreased its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 39.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,500 shares of the company’s stock after selling 3,600 shares during the period. nVerses Capital LLC’s holdings in Smith & Wesson Brands were worth $71,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SWBI. Millennium Management LLC purchased a new stake in Smith & Wesson Brands during the second quarter valued at about $4,354,000. Marshall Wace LLP purchased a new stake in Smith & Wesson Brands during the 2nd quarter valued at about $4,129,000. American Century Companies Inc. grew its position in Smith & Wesson Brands by 28.3% during the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock worth $15,004,000 after acquiring an additional 230,532 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Smith & Wesson Brands by 1,023.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock worth $1,923,000 after purchasing an additional 122,147 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Smith & Wesson Brands by 2.7% in 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. Institutional investors own 59.33% of the company’s stock.

Insider Activity

In related news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction on 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 owns 67,569 shares in the company, valued at $1,085,833.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Stock Down 2.6 %

Shares of Smith & Wesson Brands stock opened at $13.31 on Tuesday. The company’s 50 day moving average price is $13.64 and its 200-day moving average price is $15.12. Smith & Wesson Brands, Inc. has a 52-week low of $11.96 and a 52-week high of $18.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The stock has a market capitalization of $606.40 million, a price-to-earnings ratio of 15.48 and a beta of 1.00.

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

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.91%. Smith & Wesson Brands’s dividend payout ratio is currently 60.47%.

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.