Lesa Sroufe & Co Has $1.19 Million Stock Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Lesa Sroufe & Co lifted its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,842 shares of the company’s stock after acquiring an additional 1,491 shares during the quarter. Lesa Sroufe & Co owned approximately 0.19% of Smith & Wesson Brands worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SWBI. SG Americas Securities LLC acquired a new position in shares of Smith & Wesson Brands in the third quarter worth $256,000. Denali Advisors LLC acquired a new position in Smith & Wesson Brands during the third quarter worth $971,000. Commonwealth Equity Services LLC increased its position in Smith & Wesson Brands by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 27,196 shares of the company’s stock worth $351,000 after buying an additional 739 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Smith & Wesson Brands by 12.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,952 shares of the company’s stock worth $206,000 after buying an additional 1,709 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Smith & Wesson Brands by 5.7% during the third quarter. Bank of New York Mellon Corp now owns 582,431 shares of the company’s stock worth $7,519,000 after buying an additional 31,186 shares during the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $18.00 in a research report on Friday, March 8th.

Smith & Wesson Brands Trading Up 0.8 %

Smith & Wesson Brands stock opened at $17.12 on Wednesday. The company has a market capitalization of $789.23 million, a price-to-earnings ratio of 30.04 and a beta of 1.17. The company’s fifty day moving average price is $16.03 and its two-hundred day moving average price is $14.49. Smith & Wesson Brands, Inc. has a one year low of $10.38 and a one year high of $18.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.21 and a quick ratio of 1.42.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $137.48 million for the quarter, compared to the consensus estimate of $133.56 million. Smith & Wesson Brands had a return on equity of 9.44% and a net margin of 5.05%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. On average, analysts forecast that Smith & Wesson Brands, Inc. will post 0.8 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, March 20th. Smith & Wesson Brands’s payout ratio is presently 84.21%.

Insider Activity at Smith & Wesson Brands

In related news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.90, for a total value of $35,800.00. Following the completion of the sale, the director now owns 71,569 shares in the company, valued at $1,281,085.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.90, for a total transaction of $35,800.00. Following the completion of the transaction, the director now owns 71,569 shares in the company, valued at $1,281,085.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deana L. Mcpherson sold 13,068 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $17.49, for a total transaction of $228,559.32. Following the transaction, the insider now owns 76,370 shares of the company’s stock, valued at approximately $1,335,711.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,068 shares of company stock worth $291,279. Company insiders own 0.99% of the company’s stock.

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.