Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 95,180.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,056 shares of the company’s stock after buying an additional 19,036 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Smith & Wesson Brands were worth $195,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of Smith & Wesson Brands by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock worth $1,157,000 after acquiring an additional 1,421 shares during the period. Franklin Resources Inc. grew its holdings in Smith & Wesson Brands by 5.8% in the third quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock valued at $378,000 after purchasing an additional 1,598 shares during the last quarter. Quarry LP increased its position in shares of Smith & Wesson Brands by 2,773.0% in the second quarter. Quarry LP now owns 2,126 shares of the company’s stock valued at $30,000 after buying an additional 2,052 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Smith & Wesson Brands by 1,198.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock worth $38,000 after buying an additional 2,684 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Smith & Wesson Brands by 823.8% in the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after buying an additional 3,567 shares in the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Down 0.8 %

Shares of NASDAQ:SWBI opened at $10.54 on Friday. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $463.76 million, a P/E ratio of 13.51 and a beta of 1.02. Smith & Wesson Brands, Inc. has a 52-week low of $9.68 and a 52-week high of $18.05. The stock’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $12.96.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $129.70 million during the quarter, compared to analysts’ expectations of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. Smith & Wesson Brands’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th were paid a $0.13 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.52 annualized dividend and a yield of 4.93%. Smith & Wesson Brands’s payout ratio is currently 66.67%.

Analyst Ratings Changes

SWBI has been the subject of several recent research reports. Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $13.00 in a report on Friday, December 6th. Lake Street Capital raised shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.