Thrivent Financial for Lutherans Invests $635,000 in Latham Group, Inc. (NASDAQ:SWIM)

Thrivent Financial for Lutherans acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 93,373 shares of the company’s stock, valued at approximately $635,000. Thrivent Financial for Lutherans owned approximately 0.08% of Latham Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SWIM. Vanguard Group Inc. grew its position in shares of Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after buying an additional 17,259 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Latham Group by 69.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after buying an additional 4,484 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Latham Group during the second quarter worth about $34,000. Bank of New York Mellon Corp grew its position in shares of Latham Group by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock worth $537,000 after buying an additional 3,837 shares in the last quarter. Finally, BloombergSen Inc. grew its position in shares of Latham Group by 24.3% during the second quarter. BloombergSen Inc. now owns 48,560 shares of the company’s stock worth $147,000 after buying an additional 9,506 shares in the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Latham Group

In other news, COO Sanjeev Bahl sold 11,750 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.90, for a total transaction of $69,325.00. Following the completion of the sale, the chief operating officer now owns 262,811 shares in the company, valued at $1,550,584.90. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the sale, the chief financial officer now owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. 7.60% of the stock is owned by company insiders.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $6.48 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $7.33. The stock has a 50 day moving average of $6.50 and a two-hundred day moving average of $5.13. The stock has a market cap of $749.22 million, a P/E ratio of 74.23 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWIM. The Goldman Sachs Group boosted their target price on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their target price on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their target price on Latham Group from $7.00 to $7.70 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Barclays boosted their target price on Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.76.

Latham Group Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.