Latham Group (NASDAQ:SWIM) CFO Purchases $73,745.00 in Stock

Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver Gloe acquired 15,050 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $4.90 per share, with a total value of $73,745.00. Following the completion of the purchase, the chief financial officer directly owned 540,758 shares in the company, valued at $2,649,714.20. This represents a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Latham Group Stock Performance

NASDAQ SWIM opened at $5.22 on Friday. Latham Group, Inc. has a 1-year low of $4.64 and a 1-year high of $8.97. The company has a market capitalization of $612.89 million, a P/E ratio of 74.57, a PEG ratio of 0.89 and a beta of 1.72. The business has a 50 day moving average price of $5.60 and a 200 day moving average price of $6.27. 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 (NASDAQ:SWIM) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Latham Group had a net margin of 1.55% and a return on equity of 2.13%. The firm had revenue of $117.32 million during the quarter, compared to analysts’ expectations of $118.39 million. Sell-side analysts expect that Latham Group, Inc. will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Latham Group

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in shares of Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after acquiring an additional 1,921 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Latham Group in the second quarter worth $29,000. Summit Securities Group LLC acquired a new position in shares of Latham Group in the first quarter worth $30,000. Covestor Ltd raised its holdings in shares of Latham Group by 153.0% in the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after acquiring an additional 3,372 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Latham Group in the third quarter worth $47,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWIM has been the subject of several research analyst reports. Barclays dropped their price objective on Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Zacks Research downgraded Latham Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. William Blair reissued an “outperform” rating on shares of Latham Group in a report on Wednesday, March 4th. Finally, Bank of America cut their price target on Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.