Latham Group (NASDAQ:SWIM) Sets New 1-Year High – Here’s Why

Latham Group, Inc. (NASDAQ:SWIM)’s share price reached a new 52-week high on Monday . The company traded as high as $8.50 and last traded at $8.27, with a volume of 1860 shares changing hands. The stock had previously closed at $8.24.

Latham Group Price Performance

The firm has a market capitalization of $952.13 million, a P/E ratio of -68.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.51 and a current ratio of 2.39. The stock has a 50 day moving average of $7.22 and a two-hundred day moving average of $6.44.

Insider Buying and Selling at Latham Group

In other news, Director Frank J. Dellaquila acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $8.24 per share, with a total value of $41,200.00. Following the acquisition, the director owned 21,814 shares of the company’s stock, valued at $179,747.36. This trade represents a 29.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.85% of the company’s stock.

Hedge Funds Weigh In On Latham Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Latham Group by 68.8% in the 4th quarter. Bank of America Corp DE now owns 262,547 shares of the company’s stock valued at $1,827,000 after purchasing an additional 107,012 shares during the last quarter. GAMMA Investing LLC raised its holdings in Latham Group by 2,565.5% in the first quarter. GAMMA Investing LLC now owns 6,957 shares of the company’s stock worth $45,000 after purchasing an additional 6,696 shares during the period. New York State Common Retirement Fund lifted its position in Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock valued at $110,000 after acquiring an additional 5,820 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Latham Group by 2,471,716.7% in the first quarter. IFP Advisors Inc now owns 148,309 shares of the company’s stock valued at $954,000 after purchasing an additional 148,303 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Latham Group in the fourth quarter valued at about $117,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Company 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.