Chesapeake Capital Corp IL Cuts Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Chesapeake Capital Corp IL trimmed its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 51.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,520 shares of the company’s stock after selling 17,480 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Smith & Wesson Brands were worth $237,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fund 1 Investments LLC purchased a new position in Smith & Wesson Brands in the fourth quarter worth $4,790,000. UBS Group AG grew its holdings in Smith & Wesson Brands by 10.2% in the fourth quarter. UBS Group AG now owns 2,067,462 shares of the company’s stock worth $28,035,000 after purchasing an additional 191,813 shares during the last quarter. Denali Advisors LLC grew its holdings in Smith & Wesson Brands by 42.2% in the first quarter. Denali Advisors LLC now owns 164,116 shares of the company’s stock worth $2,849,000 after purchasing an additional 48,700 shares during the last quarter. Vanguard Group Inc. grew its holdings in Smith & Wesson Brands by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock worth $62,791,000 after purchasing an additional 47,009 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Smith & Wesson Brands in the first quarter worth $563,000. 59.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, June 21st.

Insider Activity at Smith & Wesson Brands

In related news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the transaction, the director now directly owns 67,569 shares in the company, valued at $1,085,833.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is currently owned by insiders.

Smith & Wesson Brands Trading Up 0.3 %

NASDAQ:SWBI opened at $12.28 on Wednesday. Smith & Wesson Brands, Inc. has a 12 month low of $11.22 and a 12 month high of $18.05. The firm has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $15.77. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $559.48 million, a P/E ratio of 14.28 and a beta of 1.01.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The business had revenue of $88.33 million during the quarter, compared to the consensus estimate of $102.52 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year.

Smith & Wesson Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 4.23%. 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.