American Century Companies Inc. Has $15 Million Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

American Century Companies Inc. grew its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,046,287 shares of the company’s stock after purchasing an additional 230,532 shares during the period. American Century Companies Inc. owned about 2.30% of Smith & Wesson Brands worth $15,004,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wedbush Securities Inc. increased its position in shares of Smith & Wesson Brands by 14.0% in the 2nd quarter. Wedbush Securities Inc. now owns 16,250 shares of the company’s stock valued at $233,000 after buying an additional 2,000 shares in the last quarter. Quest Partners LLC acquired a new position in Smith & Wesson Brands in the second quarter valued at about $340,000. Rhumbline Advisers increased its holdings in shares of Smith & Wesson Brands by 0.8% in the second quarter. Rhumbline Advisers now owns 79,360 shares of the company’s stock worth $1,138,000 after acquiring an additional 655 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Smith & Wesson Brands during the second quarter worth about $130,000. Finally, TrueMark Investments LLC acquired a new stake in shares of Smith & Wesson Brands during the second quarter worth about $149,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Trading Down 1.0 %

SWBI opened at $13.38 on Friday. The stock has a market capitalization of $600.09 million, a P/E ratio of 15.56 and a beta of 1.01. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. Smith & Wesson Brands, Inc. has a 12 month low of $11.84 and a 12 month high of $18.05. The firm’s fifty day simple moving average is $14.68 and its 200 day simple moving average is $15.72.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $88.33 million during the quarter, compared to analysts’ expectations of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. Smith & Wesson Brands’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio is presently 60.47%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction on Friday, June 28th. The shares were sold at an average price of $14.80, for a total value of $29,600.00. Following the sale, the director now directly owns 69,569 shares in the company, valued at approximately $1,029,621.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.99% of the stock is currently owned by corporate insiders.

Smith & Wesson Brands Profile

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.