GSA Capital Partners LLP Buys 473,212 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

GSA Capital Partners LLP lifted its stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 665.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,373 shares of the company’s stock after purchasing an additional 473,212 shares during the quarter. GSA Capital Partners LLP owned about 1.44% of Sportsman’s Warehouse worth $1,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ground Swell Capital LLC bought a new position in Sportsman’s Warehouse in the third quarter worth approximately $28,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Sportsman’s Warehouse during the first quarter worth approximately $38,000. Point72 DIFC Ltd bought a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth $40,000. Abacus Planning Group Inc. acquired a new stake in Sportsman’s Warehouse in the 3rd quarter valued at $55,000. Finally, Virtu Financial LLC bought a new stake in Sportsman’s Warehouse during the 1st quarter valued at $85,000. Institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee bought 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, with a total value of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard D. Mcbee purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $2.55 per share, with a total value of $51,000.00. Following the acquisition, the director now owns 205,608 shares of the company’s stock, valued at $524,300.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul Stone acquired 39,920 shares of Sportsman’s Warehouse stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Lake Street Capital reduced their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Craig Hallum cut their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. B. Riley cut their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, Robert W. Baird lowered their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sportsman’s Warehouse currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Stock Performance

Shares of SPWH opened at $2.20 on Thursday. The stock has a 50 day moving average of $2.71 and a 200 day moving average of $2.67. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $1.81 and a 12 month high of $5.41. The company has a market capitalization of $83.27 million, a price-to-earnings ratio of -2.42 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The business had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. As a group, sell-side analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.74 earnings per share for the current year.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.