Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 94.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,600 shares of the company’s stock after selling 589,963 shares during the period. Hillsdale Investment Management Inc.’s holdings in Latham Group were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares during the period. Quarry LP purchased a new stake in shares of Latham Group in the 3rd quarter valued at approximately $53,000. Quadrature Capital Ltd acquired a new position in Latham Group in the 3rd quarter worth approximately $72,000. US Bancorp DE grew its position in Latham Group by 29,902.6% during the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock worth $81,000 after purchasing an additional 11,662 shares in the last quarter. Finally, Arizona State Retirement System acquired a new stake in Latham Group during the 4th quarter valued at $82,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Trading Up 7.2 %

NASDAQ SWIM opened at $6.67 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The firm’s fifty day simple moving average is $6.75 and its 200-day simple moving average is $6.66. The company has a market capitalization of $772.23 million, a PE ratio of 74.12 and a beta of 1.84.

Insiders Place Their Bets

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the sale, the insider now directly owns 332,818 shares of the company’s stock, valued at $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SWIM. Robert W. Baird set a $8.50 target price on Latham Group in a research report on Wednesday, March 5th. Stifel Nicolaus raised their price objective on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Craig Hallum began coverage on Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.66.

Latham Group Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.