Wealth Enhancement Advisory Services LLC Takes $175,000 Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,511 shares of the company’s stock, valued at approximately $175,000.

Several other institutional investors also recently bought and sold shares of SWBI. Allspring Global Investments Holdings LLC increased its stake 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 valued at $161,000 after purchasing an additional 8,728 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Smith & Wesson Brands by 8.1% in the 1st quarter. Empowered Funds LLC now owns 65,131 shares of the company’s stock valued at $1,131,000 after purchasing an additional 4,900 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Smith & Wesson Brands by 110.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,643 shares of the company’s stock valued at $480,000 after acquiring an additional 14,533 shares during the period. Vanguard Group Inc. increased its stake 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 acquiring an additional 47,009 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Smith & Wesson Brands in the 1st quarter worth about $563,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 3.1 %

SWBI opened at $13.21 on Wednesday. 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 1 year low of $11.96 and a 1 year high of $18.05. The firm has a 50 day moving average price of $13.16 and a 200 day moving average price of $14.72. The company has a market cap of $592.49 million, a PE ratio of 18.42 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) earnings per share for the quarter, meeting 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 business had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, September 19th. Smith & Wesson Brands’s payout ratio is 70.27%.

Smith & Wesson Brands Company 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.