Blue Trust Inc. Has $182,000 Stock Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Blue Trust Inc. raised its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 494.4% in the 3rd quarter, Holdings Channel reports. The firm owned 12,679 shares of the company’s stock after buying an additional 10,546 shares during the period. Blue Trust Inc.’s holdings in Smith & Wesson Brands were worth $182,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP lifted its position in Smith & Wesson Brands by 2,773.0% during the second quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after acquiring an additional 2,052 shares during the last quarter. NBC Securities Inc. increased its position in Smith & Wesson Brands by 823.8% in the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock valued at $51,000 after acquiring an additional 3,567 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Smith & Wesson Brands in the 2nd quarter valued at about $59,000. nVerses Capital LLC acquired a new stake in shares of Smith & Wesson Brands during the second quarter worth $130,000. Finally, TrueMark Investments LLC acquired a new position in shares of Smith & Wesson Brands in the 2nd quarter valued at about $149,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Up 0.8 %

NASDAQ:SWBI opened at $13.06 on Friday. Smith & Wesson Brands, Inc. has a 12 month low of $11.96 and a 12 month high of $18.05. The stock has a market capitalization of $595.01 million, a price-to-earnings ratio of 15.19 and a beta of 1.00. The firm has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $15.00. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $88.33 million for the quarter, compared to the consensus estimate of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The company’s revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 60.47%.

Insiders Place Their Bets

In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now directly owns 67,569 shares of the company’s stock, valued at approximately $1,085,833.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.