Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski Sells 22,191 Shares

Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Latham Group Stock Performance

NASDAQ SWIM traded down $0.63 during midday trading on Thursday, hitting $7.72. The company had a trading volume of 785,063 shares, compared to its average volume of 463,485. The firm has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $5.27. The stock has a market cap of $892.63 million, a price-to-earnings ratio of 85.78 and a beta of 1.84. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $8.41.

Institutional Investors Weigh In On Latham Group

A number of institutional investors have recently added to or reduced their stakes in SWIM. FMR LLC lifted its position in shares of Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after acquiring an additional 3,123 shares during the period. Quarry LP acquired a new position in shares of Latham Group in the third quarter valued at $53,000. Quadrature Capital Ltd acquired a new stake in Latham Group during the third quarter worth $72,000. Diversified Trust Co bought a new stake in Latham Group in the 2nd quarter valued at $34,000. Finally, Voya Financial Advisors Inc. bought a new stake in Latham Group in the 3rd quarter valued at $89,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Craig Hallum started coverage on shares of Latham Group in a research report on Monday. They issued a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday. Finally, Robert W. Baird lifted their target price on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.65.

Latham Group Company Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.