SG Americas Securities LLC Has $207,000 Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

SG Americas Securities LLC increased its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 100.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,923 shares of the company’s stock after acquiring an additional 7,985 shares during the quarter. SG Americas Securities LLC’s holdings in Smith & Wesson Brands were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SWBI. Aviance Capital Partners LLC increased its holdings in Smith & Wesson Brands by 3.9% in the first quarter. Aviance Capital Partners LLC now owns 57,740 shares of the company’s stock worth $1,002,000 after purchasing an additional 2,164 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Smith & Wesson Brands by 1,653.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,256 shares of the company’s stock worth $161,000 after purchasing an additional 8,728 shares in the last quarter. Denali Advisors LLC increased its holdings in Smith & Wesson Brands by 42.2% in the first quarter. Denali Advisors LLC now owns 164,116 shares of the company’s stock worth $2,849,000 after purchasing an additional 48,700 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Smith & Wesson Brands by 15.9% in the first quarter. Commonwealth Equity Services LLC now owns 32,704 shares of the company’s stock worth $568,000 after purchasing an additional 4,496 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Smith & Wesson Brands by 8.1% in the first quarter. Empowered Funds LLC now owns 65,131 shares of the company’s stock worth $1,131,000 after purchasing an additional 4,900 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now owns 67,569 shares in the company, valued at $1,085,833.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Trading Down 2.3 %

Shares of SWBI stock opened at $13.00 on Wednesday. The company has a market cap of $592.28 million, a P/E ratio of 15.12 and a beta of 1.00. The stock has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $15.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. Smith & Wesson Brands, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $18.05.

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

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 4.00%. Smith & Wesson Brands’s dividend payout ratio is 60.47%.

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.