Bridgeway Capital Management LLC Has $352,000 Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Bridgeway Capital Management LLC lowered its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 58.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,873 shares of the company’s stock after selling 48,450 shares during the quarter. Bridgeway Capital Management LLC owned about 0.08% of Smith & Wesson Brands worth $352,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new stake in shares of Smith & Wesson Brands during the 4th quarter worth $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 purchasing an additional 3,476 shares during the period. Headlands Technologies LLC grew its stake in Smith & Wesson Brands by 45.5% during the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock worth $60,000 after buying an additional 1,867 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Smith & Wesson Brands during the fourth quarter worth about $81,000. Finally, KLP Kapitalforvaltning AS bought a new position in Smith & Wesson Brands in the 4th quarter valued at about $91,000. Institutional investors own 59.33% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital cut their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a report on Friday, March 7th.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock opened at $9.67 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. Smith & Wesson Brands, Inc. has a 52 week low of $8.38 and a 52 week high of $16.89. The stock has a market capitalization of $425.51 million, a P/E ratio of 12.40 and a beta of 1.09. The stock has a fifty day moving average of $9.41 and a 200-day moving average of $10.71.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million for the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. On average, sell-side analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.13 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 5.38%. Smith & Wesson Brands’s dividend payout ratio is currently 80.00%.

About Smith & Wesson Brands

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.