Y Intercept Hong Kong Ltd Has $122,000 Holdings in Smith & Wesson Brands, Inc. $SWBI

Y Intercept Hong Kong Ltd lessened its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 91.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,457 shares of the company’s stock after selling 127,288 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Smith & Wesson Brands were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. McAdam LLC acquired a new stake in shares of Smith & Wesson Brands during the 3rd quarter valued at about $172,000. Exchange Traded Concepts LLC lifted its stake in Smith & Wesson Brands by 6.2% during the third quarter. Exchange Traded Concepts LLC now owns 29,422 shares of the company’s stock worth $289,000 after purchasing an additional 1,713 shares during the period. Corient Private Wealth LLC acquired a new stake in Smith & Wesson Brands during the second quarter valued at approximately $104,000. Osaic Holdings Inc. grew its stake in shares of Smith & Wesson Brands by 8.4% in the 2nd quarter. Osaic Holdings Inc. now owns 30,969 shares of the company’s stock valued at $269,000 after purchasing an additional 2,403 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Smith & Wesson Brands by 205.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after buying an additional 4,200 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen raised Smith & Wesson Brands from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Smith & Wesson Brands Price Performance

Shares of SWBI stock opened at $11.68 on Friday. Smith & Wesson Brands, Inc. has a 1 year low of $7.73 and a 1 year high of $12.05. The company has a current ratio of 4.98, a quick ratio of 1.58 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $10.51 and its 200-day moving average is $9.47. The firm has a market capitalization of $519.64 million, a price-to-earnings ratio of 61.48 and a beta of 1.06.

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

Smith & Wesson Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, December 18th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 273.68%.

Smith & Wesson Brands Profile

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.