Oliver Gloe Acquires 15,050 Shares of Latham Group (NASDAQ:SWIM) Stock

Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver Gloe acquired 15,050 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $4.90 per share, for a total transaction of $73,745.00. Following the completion of the acquisition, the chief financial officer directly owned 540,758 shares of the company’s stock, valued at approximately $2,649,714.20. The trade was a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Latham Group Price Performance

Shares of SWIM opened at $5.22 on Friday. The firm has a market capitalization of $612.88 million, a PE ratio of 74.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. Latham Group, Inc. has a 1-year low of $4.64 and a 1-year high of $8.97. The company’s fifty day moving average price is $5.60 and its 200-day moving average price is $6.27.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $117.32 million for the quarter, compared to analysts’ expectations of $118.39 million. Latham Group had a net margin of 1.55% and a return on equity of 2.13%. On average, equities research analysts predict that Latham Group, Inc. will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Latham Group

Hedge funds have recently modified their holdings of the company. CAS Investment Partners LLC purchased a new stake in shares of Latham Group during the 3rd quarter worth about $7,610,000. AdviceOne Advisory Services LLC purchased a new stake in shares of Latham Group during the 3rd quarter worth about $991,000. UBS Group AG boosted its stake in shares of Latham Group by 1,709.2% during the 4th quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after acquiring an additional 903,032 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Latham Group by 100.2% during the 3rd quarter. IFP Advisors Inc now owns 296,376 shares of the company’s stock worth $2,259,000 after acquiring an additional 148,365 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Latham Group during the 3rd quarter worth about $1,038,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SWIM. Barclays dropped their price objective on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a report on Wednesday, May 6th. Zacks Research lowered shares of Latham Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Weiss Ratings raised shares of Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Bank of America lowered their price target on shares of Latham Group from $7.00 to $6.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.50.

About Latham Group

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.