58,825 Shares in Smith & Wesson Brands, Inc. $SWBI Bought by Keynote Financial Services LLC

Keynote Financial Services LLC purchased a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 58,825 shares of the company’s stock, valued at approximately $581,000. Keynote Financial Services LLC owned about 0.13% of Smith & Wesson Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in Smith & Wesson Brands by 327.6% in the third quarter. Allianz Asset Management GmbH now owns 183,220 shares of the company’s stock worth $1,801,000 after purchasing an additional 140,368 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Smith & Wesson Brands in the third quarter worth $602,000. Fidelis Capital Partners LLC increased its position in Smith & Wesson Brands by 257.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 46,390 shares of the company’s stock worth $458,000 after purchasing an additional 33,428 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Smith & Wesson Brands in the fourth quarter worth $200,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Smith & Wesson Brands in the third quarter worth $196,000. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Up 0.8%

SWBI stock opened at $14.76 on Friday. The company has a quick ratio of 1.48, a current ratio of 4.50 and a debt-to-equity ratio of 0.29. Smith & Wesson Brands, Inc. has a twelve month low of $7.73 and a twelve month high of $15.79. The stock has a market capitalization of $656.67 million, a price-to-earnings ratio of 64.18 and a beta of 0.90. The firm’s fifty day simple moving average is $14.96 and its two-hundred day simple moving average is $12.68.

Analyst Ratings Changes

SWBI has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Friday, March 27th. Lake Street Capital boosted their price target on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Smith & Wesson Brands currently has a consensus rating of “Hold” and an average target price of $14.00.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.