Latham Group (NASDAQ:SWIM) Director James Cline Purchases 50,000 Shares

Latham Group, Inc. (NASDAQ:SWIM) Director James Cline bought 50,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $4.84 per share, for a total transaction of $242,000.00. Following the purchase, the director directly owned 100,000 shares in the company, valued at approximately $484,000. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Latham Group Price Performance

SWIM opened at $4.89 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88. The stock has a market capitalization of $574.14 million, a P/E ratio of 69.86, a P/E/G ratio of 0.82 and a beta of 1.72. The company’s 50-day simple moving average is $5.64 and its two-hundred day simple moving average is $6.29. Latham Group, Inc. has a 52-week low of $4.64 and a 52-week high of $8.97.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $117.32 million for the quarter, compared to the consensus estimate of $118.39 million. Latham Group had a net margin of 1.55% and a return on equity of 2.13%. As a group, analysts predict that Latham Group, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on SWIM shares. Barclays lowered their target price on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Stifel Nicolaus upped their target price on shares of Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Zacks Research lowered shares of Latham Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.50.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CAS Investment Partners LLC purchased a new stake in Latham Group in the 3rd quarter worth approximately $7,610,000. AdviceOne Advisory Services LLC purchased a new stake in Latham Group in the 3rd quarter worth approximately $991,000. IFP Advisors Inc increased its holdings in Latham Group by 100.2% in the 3rd quarter. IFP Advisors Inc now owns 296,376 shares of the company’s stock worth $2,259,000 after acquiring an additional 148,365 shares in the last quarter. AlphaQuest LLC purchased a new stake in Latham Group in the 3rd quarter worth approximately $1,038,000. Finally, UBS Group AG increased its holdings in Latham Group by 1,709.2% in the 4th quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after acquiring an additional 903,032 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Company Profile

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.