Victory Capital Management Inc. Decreases Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Victory Capital Management Inc. lessened its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 32.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,828 shares of the company’s stock after selling 27,339 shares during the quarter. Victory Capital Management Inc. owned about 0.13% of Smith & Wesson Brands worth $829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Smith & Wesson Brands by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock worth $62,791,000 after buying an additional 47,009 shares in the last quarter. UBS Group AG lifted its position in Smith & Wesson Brands by 10.2% during the fourth quarter. UBS Group AG now owns 2,067,462 shares of the company’s stock worth $28,035,000 after buying an additional 191,813 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Smith & Wesson Brands by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,925 shares of the company’s stock worth $13,437,000 after buying an additional 19,018 shares in the last quarter. Fund 1 Investments LLC purchased a new position in Smith & Wesson Brands during the fourth quarter worth approximately $4,790,000. Finally, Denali Advisors LLC lifted its position in Smith & Wesson Brands by 42.2% during the first quarter. Denali Advisors LLC now owns 164,116 shares of the company’s stock worth $2,849,000 after buying an additional 48,700 shares in the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Insider Activity

In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.07, for a total value of $32,140.00. Following the completion of the sale, the director now directly owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Price Performance

NASDAQ:SWBI opened at $13.38 on Friday. Smith & Wesson Brands, Inc. has a 52 week low of $11.84 and a 52 week high of $18.05. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $600.09 million, a P/E ratio of 15.56 and a beta of 1.01. The stock’s fifty day moving average is $14.68 and its two-hundred day moving average is $15.74.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The company had revenue of $88.33 million for the quarter, compared to the consensus estimate of $102.52 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Announces Dividend

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

Analyst Ratings Changes

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

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.