Rhumbline Advisers Sells 2,450 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Rhumbline Advisers decreased its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,737 shares of the company’s stock after selling 2,450 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Smith & Wesson Brands worth $735,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Verity Asset Management Inc. boosted its stake in shares of Smith & Wesson Brands by 15.7% during the 4th quarter. Verity Asset Management Inc. now owns 16,336 shares of the company’s stock worth $165,000 after buying an additional 2,211 shares during the last quarter. EMC Capital Management grew its stake in Smith & Wesson Brands by 144.4% in the fourth quarter. EMC Capital Management now owns 13,698 shares of the company’s stock valued at $138,000 after purchasing an additional 8,094 shares in the last quarter. Blue Trust Inc. grew its stake in Smith & Wesson Brands by 35.0% in the fourth quarter. Blue Trust Inc. now owns 17,120 shares of the company’s stock valued at $173,000 after purchasing an additional 4,441 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Smith & Wesson Brands by 26.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,628 shares of the company’s stock worth $289,000 after purchasing an additional 5,914 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Smith & Wesson Brands by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock worth $180,000 after purchasing an additional 1,872 shares in the last quarter. Institutional investors own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Lake Street Capital decreased their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday. Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $13.00 in a research report on Friday, December 6th.

Smith & Wesson Brands Price Performance

NASDAQ:SWBI opened at $9.81 on Friday. Smith & Wesson Brands, Inc. has a 12-month low of $9.17 and a 12-month high of $18.05. The firm has a market capitalization of $431.67 million, a price-to-earnings ratio of 12.58 and a beta of 1.09. The stock’s 50 day moving average price is $10.50 and its two-hundred day moving average price is $12.10. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The business had revenue of $115.89 million for the quarter, compared to analysts’ expectations of $119.46 million. On average, analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio is presently 66.67%.

Smith & Wesson Brands 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.