32,719 Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,719 shares of the company’s stock, valued at approximately $331,000. Counterpoint Mutual Funds LLC owned 0.07% of Smith & Wesson Brands at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in Smith & Wesson Brands during the fourth quarter worth about $44,000. Jones Financial Companies Lllp lifted its position in Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock worth $50,000 after buying an additional 3,476 shares during the period. Wealthfront Advisers LLC purchased a new position in Smith & Wesson Brands during the fourth quarter worth about $81,000. Sanctuary Advisors LLC purchased a new position in Smith & Wesson Brands during the fourth quarter worth about $114,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Smith & Wesson Brands during the third quarter worth about $149,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Performance

Shares of NASDAQ:SWBI opened at $9.85 on Tuesday. The firm has a market capitalization of $433.43 million, a PE ratio of 12.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. The business has a 50-day moving average of $10.47 and a two-hundred day moving average of $11.84. Smith & Wesson Brands, Inc. has a 12 month low of $9.17 and a 12 month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.28%. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 80.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SWBI shares. Craig Hallum downgraded Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $13.00 in a research report on Friday, December 6th. Lake Street Capital dropped their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, March 7th.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.