Keynote Financial Services LLC Acquires Shares of 58,825 Smith & Wesson Brands, Inc. $SWBI

Keynote Financial Services LLC acquired a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 58,825 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds have also bought and sold shares of SWBI. Millennium Management LLC bought a new position in Smith & Wesson Brands during the third quarter valued at $7,558,000. Two Sigma Investments LP grew its holdings in shares of Smith & Wesson Brands by 166.1% in the third quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock worth $7,411,000 after purchasing an additional 470,602 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Smith & Wesson Brands by 41.4% in the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after purchasing an additional 208,739 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Smith & Wesson Brands by 327.6% in the third quarter. Allianz Asset Management GmbH now owns 183,220 shares of the company’s stock worth $1,801,000 after purchasing an additional 140,368 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Smith & Wesson Brands in the fourth quarter worth about $830,000. Institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

SWBI has been the topic of a number of research analyst reports. Lake Street Capital upped their price target on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.00.

Smith & Wesson Brands Trading Up 0.8%

NASDAQ SWBI opened at $14.76 on Friday. The company’s 50-day moving average price is $14.96 and its 200-day moving average price is $12.68. The company has a current ratio of 4.50, a quick ratio of 1.48 and a debt-to-equity ratio of 0.29. The stock has a market cap of $656.67 million, a PE ratio of 64.18 and a beta of 0.90. Smith & Wesson Brands, Inc. has a 12 month low of $7.73 and a 12 month high of $15.79.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.