GSA Capital Partners LLP Boosts Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

GSA Capital Partners LLP lifted its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 380.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 62,197 shares of the company’s stock after acquiring an additional 49,264 shares during the quarter. GSA Capital Partners LLP owned 0.14% of Smith & Wesson Brands worth $807,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SWBI. Quarry LP lifted its stake in Smith & Wesson Brands by 2,773.0% in the second quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after purchasing an additional 2,052 shares during the last quarter. Blue Trust Inc. boosted its holdings in Smith & Wesson Brands by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after acquiring an additional 1,614 shares during the period. International Assets Investment Management LLC grew its position in Smith & Wesson Brands by 1,198.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock worth $38,000 after acquiring an additional 2,684 shares during the last quarter. NBC Securities Inc. increased its stake in Smith & Wesson Brands by 823.8% in the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after purchasing an additional 3,567 shares during the period. Finally, Copeland Capital Management LLC bought a new stake in Smith & Wesson Brands in the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Up 0.7 %

Shares of Smith & Wesson Brands stock opened at $13.07 on Friday. The company’s 50 day moving average price is $13.09 and its 200-day moving average price is $14.63. Smith & Wesson Brands, Inc. has a 52-week low of $11.96 and a 52-week high of $18.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The stock has a market capitalization of $586.19 million, a price-to-earnings ratio of 17.66 and a beta of 1.00.

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

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 3.98%. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 70.27%.

About Smith & Wesson Brands

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.