Campbell & CO Investment Adviser LLC Buys New Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Campbell & CO Investment Adviser LLC bought a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 30,400 shares of the company’s stock, valued at approximately $472,000. Campbell & CO Investment Adviser LLC owned 0.05% of Smith & Wesson Brands as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in Smith & Wesson Brands during the 2nd quarter valued at approximately $81,697,000. FMR LLC acquired a new stake in Smith & Wesson Brands during the 2nd quarter valued at approximately $46,012,000. State Street Corp acquired a new stake in Smith & Wesson Brands during the 1st quarter valued at approximately $8,314,000. Charles Schwab Investment Management Inc. acquired a new stake in Smith & Wesson Brands during the 2nd quarter valued at approximately $17,041,000. Finally, Prudential Financial Inc. acquired a new stake in Smith & Wesson Brands during the 2nd quarter valued at approximately $11,995,000. Institutional investors and hedge funds own 63.48% of the company’s stock.

NASDAQ:SWBI opened at $16.69 on Friday. Smith & Wesson Brands, Inc. has a 12-month low of $4.25 and a 12-month high of $22.40. The firm has a market capitalization of $932.76 million, a P/E ratio of -75.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.26 and a quick ratio of 1.23. The business has a 50 day simple moving average of $16.91 and a 200 day simple moving average of $18.74.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.41. Smith & Wesson Brands had a positive return on equity of 23.00% and a negative net margin of 1.29%. The business had revenue of $227.97 million during the quarter, compared to analyst estimates of $204.85 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue for the quarter was up 84.3% compared to the same quarter last year. Research analysts anticipate that Smith & Wesson Brands, Inc. will post 2.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.20%. Smith & Wesson Brands’s dividend payout ratio is currently 24.39%.

A number of equities research analysts have weighed in on SWBI shares. Craig Hallum restated a “buy” rating and set a $22.00 price objective on shares of Smith & Wesson Brands in a research note on Tuesday, August 25th. BidaskClub lowered Smith & Wesson Brands from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine lowered Smith & Wesson Brands from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Cowen began coverage on Smith & Wesson Brands in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Zacks Investment Research lowered Smith & Wesson Brands from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.17.

In related news, insider Robert J. Cicero sold 37,827 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $16.17, for a total transaction of $611,662.59. Following the completion of the transaction, the insider now owns 102,652 shares in the company, valued at approximately $1,659,882.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Scott sold 3,000 shares of Smith & Wesson Brands stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $16.15, for a total value of $48,450.00. Following the sale, the director now directly owns 104,932 shares in the company, valued at approximately $1,694,651.80. The disclosure for this sale can be found here. Insiders have sold a total of 43,827 shares of company stock valued at $707,723 in the last 90 days. Insiders own 2.59% of the company’s stock.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers firearms products, such as revolvers and pistols; modern sporting rifles, bolt action rifles, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands.

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Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

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