12,859 Shares in Smith & Wesson Brands, Inc. $SWBI Bought by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,859 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds have also recently made changes to their positions in the company. Financial Harvest LLC purchased a new position in Smith & Wesson Brands during the first quarter worth about $31,000. PNC Financial Services Group Inc. boosted its holdings in Smith & Wesson Brands by 162.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock valued at $40,000 after acquiring an additional 2,672 shares during the period. Byrne Asset Management LLC boosted its holdings in Smith & Wesson Brands by 145.0% during the 1st quarter. Byrne Asset Management LLC now owns 5,391 shares of the company’s stock valued at $50,000 after acquiring an additional 3,191 shares during the period. Forum Financial Management LP bought a new position in Smith & Wesson Brands during the 1st quarter valued at approximately $106,000. Finally, ProShare Advisors LLC bought a new position in Smith & Wesson Brands during the 4th quarter valued at approximately $128,000. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Stock Down 1.2%

Shares of NASDAQ SWBI opened at $9.38 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.37 and a current ratio of 5.21. The firm has a market capitalization of $415.93 million, a price-to-earnings ratio of 39.08 and a beta of 0.95. The stock has a 50 day moving average price of $8.35 and a 200 day moving average price of $9.05. Smith & Wesson Brands, Inc. has a 52-week low of $7.73 and a 52-week high of $14.20.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Thursday, September 4th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $85.08 million during the quarter, compared to analyst estimates of $79.23 million. Smith & Wesson Brands had a return on equity of 3.10% and a net margin of 2.34%.Smith & Wesson Brands’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Sell-side analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 5.5%. Smith & Wesson Brands’s dividend payout ratio is currently 216.67%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Lake Street Capital cut their target price on Smith & Wesson Brands from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Monday, June 23rd. Finally, Zacks Research upgraded Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.00.

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.