Allspring Global Investments Holdings LLC Boosts Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Allspring Global Investments Holdings LLC increased its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 37.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,462 shares of the company’s stock after purchasing an additional 5,880 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Smith & Wesson Brands were worth $279,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter worth approximately $4,354,000. Marshall Wace LLP purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter worth approximately $4,129,000. American Century Companies Inc. raised its holdings in shares of 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 in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Smith & Wesson Brands by 1,023.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock worth $1,923,000 after acquiring an additional 122,147 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Smith & Wesson Brands by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock worth $40,123,000 after acquiring an additional 72,500 shares in the last quarter. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Up 1.6 %

Shares of SWBI opened at $13.16 on Friday. The company has a market cap of $590.23 million, a PE ratio of 17.78 and a beta of 1.00. The business has a fifty day moving average of $13.34 and a 200 day moving average of $14.88. Smith & Wesson Brands, Inc. has a 52-week low of $11.96 and a 52-week high of $18.05. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company 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%. Smith & Wesson Brands’s revenue was down 22.7% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share.

Smith & Wesson Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.95%. Smith & Wesson Brands’s dividend payout ratio is presently 70.27%.

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.