Victory Capital Management Inc. Has $653,000 Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Victory Capital Management Inc. trimmed its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 13.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 50,283 shares of the company’s stock after selling 7,545 shares during the period. Victory Capital Management Inc. owned 0.11% of Smith & Wesson Brands worth $653,000 as of its most recent filing with the SEC.

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

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock opened at $13.70 on Friday. The stock’s 50 day moving average is $13.18 and its 200 day moving average is $14.43. Smith & Wesson Brands, Inc. has a one year low of $11.96 and a one year high of $18.05. The firm has a market cap of $614.47 million, a P/E ratio of 18.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.54 and a quick ratio of 1.19.

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). 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 for the quarter, compared to the consensus estimate of $102.52 million. During the same quarter in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.80%. Smith & Wesson Brands’s payout ratio is currently 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.