Wedbush Securities Inc. Has $233,000 Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Wedbush Securities Inc. grew its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 14.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,250 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Wedbush Securities Inc.’s holdings in Smith & Wesson Brands were worth $233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of SWBI. Rhumbline Advisers lifted its position in shares of Smith & Wesson Brands by 0.8% during the second quarter. Rhumbline Advisers now owns 79,360 shares of the company’s stock valued at $1,138,000 after purchasing an additional 655 shares in the last quarter. Blue Trust Inc. increased its stake in Smith & Wesson Brands by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after buying an additional 1,614 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Smith & Wesson Brands by 17.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock worth $228,000 after buying an additional 1,952 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Smith & Wesson Brands by 3.9% in the 1st quarter. Aviance Capital Partners LLC now owns 57,740 shares of the company’s stock worth $1,002,000 after buying an additional 2,164 shares during the last quarter. Finally, EMC Capital Management boosted its stake in shares of Smith & Wesson Brands by 29.2% in the 1st quarter. EMC Capital Management now owns 13,698 shares of the company’s stock worth $238,000 after buying an additional 3,092 shares during the last quarter. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Price Performance

SWBI opened at $13.10 on Monday. Smith & Wesson Brands, Inc. has a fifty-two week low of $11.22 and a fifty-two week high of $18.05. The firm has a 50-day moving average of $14.76 and a 200 day moving average of $15.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The firm has a market cap of $587.54 million, a P/E ratio of 15.23 and a beta of 1.01.

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 the consensus estimate of ($0.02). Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The company had revenue of $88.33 million during the quarter, compared to analyst estimates of $102.52 million. During the same quarter last year, the business posted $0.13 EPS. Smith & Wesson Brands’s quarterly revenue was down 22.7% compared to the same quarter last year.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.97%. Smith & Wesson Brands’s dividend payout ratio is presently 60.47%.

Insider Transactions at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.07, for a total value of $32,140.00. Following the completion of the transaction, the director now owns 67,569 shares in the company, valued at $1,085,833.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price target on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, June 21st.

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.