International Assets Investment Management LLC Raises Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

International Assets Investment Management LLC boosted its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 1,198.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,908 shares of the company’s stock after purchasing an additional 2,684 shares during the period. International Assets Investment Management LLC’s holdings in Smith & Wesson Brands were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SWBI. Quadrature Capital Ltd acquired a new position in shares of Smith & Wesson Brands in the 1st quarter valued at about $563,000. Vanguard Group Inc. lifted its holdings in Smith & Wesson Brands by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock valued at $62,791,000 after acquiring an additional 47,009 shares during the period. Millennium Management LLC purchased a new stake in Smith & Wesson Brands in the 2nd quarter worth approximately $4,354,000. Marshall Wace LLP purchased a new position in shares of Smith & Wesson Brands during the 2nd quarter valued at approximately $4,129,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Smith & Wesson Brands by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock valued at $228,000 after purchasing an additional 1,952 shares during the period. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Up 1.6 %

SWBI stock opened at $13.36 on Friday. Smith & Wesson Brands, Inc. has a one year low of $11.96 and a one year high of $18.05. 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’s fifty day moving average is $13.21 and its 200 day moving average is $14.80. The firm has a market cap of $599.20 million, a PE ratio of 18.00 and a beta of 1.00.

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). The firm had revenue of $88.33 million for 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%. The company’s quarterly revenue was down 22.7% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS.

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.89%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 70.27%.

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.