Two Sigma Securities LLC Invests $136,000 in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Two Sigma Securities LLC bought a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the fourth quarter, Holdings Channel reports. The fund bought 13,437 shares of the company’s stock, valued at approximately $136,000.

Several other hedge funds also recently added to or reduced their stakes in SWBI. Peapack Gladstone Financial Corp increased its holdings in shares of Smith & Wesson Brands by 8.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company’s stock valued at $126,000 after purchasing an additional 1,018 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Smith & Wesson Brands by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 27,408 shares of the company’s stock worth $277,000 after acquiring an additional 1,315 shares in the last quarter. LPL Financial LLC grew its position in shares of Smith & Wesson Brands by 3.1% during the 4th quarter. LPL Financial LLC now owns 49,661 shares of the company’s stock valued at $502,000 after acquiring an additional 1,482 shares during the period. Headlands Technologies LLC increased its stake in shares of Smith & Wesson Brands by 45.5% in the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock valued at $60,000 after purchasing an additional 1,867 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Smith & Wesson Brands by 11.8% in the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock worth $180,000 after purchasing an additional 1,872 shares during the period. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Performance

SWBI opened at $9.22 on Friday. The firm’s fifty day simple moving average is $9.62 and its two-hundred day simple moving average is $10.94. Smith & Wesson Brands, Inc. has a 52-week low of $8.38 and a 52-week high of $17.25. The company has a market cap of $405.71 million, a price-to-earnings ratio of 11.82 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $115.89 million for the quarter, compared to analysts’ expectations of $119.46 million. Equities analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital cut their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, March 7th.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.