Fidelis Capital Partners LLC Raises Stake in Smith & Wesson Brands, Inc. $SWBI

Fidelis Capital Partners LLC grew its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 257.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,390 shares of the company’s stock after acquiring an additional 33,428 shares during the period. Fidelis Capital Partners LLC’s holdings in Smith & Wesson Brands were worth $458,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Smith & Wesson Brands by 205.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after purchasing an additional 4,200 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of 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 purchasing an additional 1,237 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter worth $101,000. Jones Financial Companies Lllp boosted its position in shares of Smith & Wesson Brands by 42.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,631 shares of the company’s stock worth $103,000 after purchasing an additional 3,142 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter worth $104,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Performance

Shares of SWBI stock opened at $15.22 on Friday. The firm has a market cap of $677.20 million, a P/E ratio of 66.18 and a beta of 0.91. Smith & Wesson Brands, Inc. has a 1-year low of $7.73 and a 1-year high of $15.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.50 and a quick ratio of 1.48. The firm’s 50-day simple moving average is $14.90 and its 200-day simple moving average is $12.23.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Smith & Wesson Brands had a net margin of 2.24% and a return on equity of 3.07%. The business had revenue of $135.71 million for the quarter, compared to analyst estimates of $125.59 million. During the same period in the prior year, the firm posted $0.02 EPS. The company’s revenue was up 17.1% on a year-over-year basis. As a group, equities analysts forecast that Smith & Wesson Brands, Inc. will post 0.27 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.52 annualized dividend and a yield of 3.4%. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 226.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SWBI shares. Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Lake Street Capital boosted their price objective on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.

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.