98,179 Shares in Smith & Wesson Brands, Inc. $SWBI Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 98,179 shares of the company’s stock, valued at approximately $965,000. SummerHaven Investment Management LLC owned about 0.22% of Smith & Wesson Brands as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Smith & Wesson Brands by 205.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after purchasing an additional 4,200 shares during the last quarter. CWM LLC grew its position in Smith & Wesson Brands by 119.2% in the second quarter. CWM LLC now owns 6,542 shares of the company’s stock valued at $57,000 after purchasing an additional 3,558 shares in the last quarter. Keynote Financial Services LLC acquired a new stake in Smith & Wesson Brands in the 2nd quarter valued at $95,000. Rafferty Asset Management LLC lifted its position in Smith & Wesson Brands by 12.2% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after buying an additional 1,237 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Smith & Wesson Brands during the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Monday, December 29th. Wall Street Zen upgraded Smith & Wesson Brands from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Smith & Wesson Brands has an average rating of “Hold” and an average price target of $11.00.

Smith & Wesson Brands Trading Up 1.6%

Shares of NASDAQ:SWBI opened at $11.37 on Wednesday. The company has a 50-day simple moving average of $10.07 and a 200 day simple moving average of $9.32. The company has a market capitalization of $505.85 million, a P/E ratio of 59.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.58 and a current ratio of 4.98. Smith & Wesson Brands, Inc. has a 52-week low of $7.73 and a 52-week high of $11.55.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $124.67 million during the quarter, compared to the consensus estimate of $123.73 million. Smith & Wesson Brands had a return on equity of 2.34% and a net margin of 1.89%.The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. Sell-side analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, December 18th. Smith & Wesson Brands’s dividend payout ratio is currently 273.68%.

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.