Latham Group, Inc. $SWIM Shares Acquired by BloombergSen Inc.

BloombergSen Inc. grew its position in Latham Group, Inc. (NASDAQ:SWIM) by 106.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 271,885 shares of the company’s stock after acquiring an additional 140,169 shares during the quarter. Latham Group makes up approximately 0.1% of BloombergSen Inc.’s investment portfolio, making the stock its 27th biggest position. BloombergSen Inc.’s holdings in Latham Group were worth $1,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Voss Capital LP lifted its stake in shares of Latham Group by 9.9% in the 1st quarter. Voss Capital LP now owns 5,676,715 shares of the company’s stock valued at $36,501,000 after purchasing an additional 512,537 shares in the last quarter. CenterBook Partners LP raised its holdings in shares of Latham Group by 9.9% during the 1st quarter. CenterBook Partners LP now owns 1,265,210 shares of the company’s stock valued at $8,135,000 after buying an additional 113,676 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Latham Group by 3.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 807,507 shares of the company’s stock valued at $5,192,000 after buying an additional 27,916 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Latham Group during the 1st quarter valued at about $4,382,000. Finally, AYAL Capital Advisors Ltd purchased a new stake in shares of Latham Group during the 1st quarter valued at about $3,652,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Stock Performance

Shares of NASDAQ:SWIM opened at $7.36 on Thursday. The company has a market cap of $857.73 million, a P/E ratio of -61.33 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.51 and a current ratio of 2.39. Latham Group, Inc. has a one year low of $4.56 and a one year high of $8.46. The business’s 50-day simple moving average is $7.60 and its 200 day simple moving average is $6.58.

Insider Activity at Latham Group

In related news, Director Frank J. Dellaquila bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the acquisition, the director owned 21,814 shares in the company, valued at $179,747.36. This represents a 29.74% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Latham Group Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.