Vista Investment Partners LLC Makes New Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Vista Investment Partners LLC purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,680 shares of the company’s stock, valued at approximately $311,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Smith & Wesson Brands by 311.0% during the second quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock worth $31,000 after acquiring an additional 1,614 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Smith & Wesson Brands by 1,255.8% during the 4th quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock worth $41,000 after purchasing an additional 2,813 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Smith & Wesson Brands by 1,653.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,256 shares of the company’s stock valued at $161,000 after buying an additional 8,728 shares during the period. Jump Financial LLC bought a new stake in Smith & Wesson Brands in the 4th quarter valued at about $176,000. Finally, Virtu Financial LLC acquired a new position in Smith & Wesson Brands during the 4th quarter worth approximately $180,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Insider Activity

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $14.80, for a total transaction of $29,600.00. Following the transaction, the director now owns 69,569 shares of the company’s stock, valued at approximately $1,029,621.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their price objective on Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, June 21st.

Smith & Wesson Brands Stock Up 0.3 %

SWBI traded up $0.05 during trading on Friday, hitting $14.93. 408,125 shares of the company’s stock were exchanged, compared to its average volume of 296,473. The stock has a market cap of $673.04 million, a P/E ratio of 17.36 and a beta of 1.09. The business’s 50 day moving average is $15.19 and its two-hundred day moving average is $15.65. Smith & Wesson Brands, Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $18.05. The company has a quick ratio of 1.32, a current ratio of 2.98 and a debt-to-equity ratio of 0.19.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Thursday, June 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The business had revenue of $159.15 million for the quarter, compared to analysts’ expectations of $156.80 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS.

Smith & Wesson Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.13 dividend. This is a positive change from Smith & Wesson Brands’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, July 11th. This represents a $0.52 annualized dividend and a dividend yield of 3.48%. Smith & Wesson Brands’s dividend payout ratio is presently 60.47%.

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.