Latham Group (NASDAQ:SWIM) Director James Cline Purchases 50,000 Shares

Latham Group, Inc. (NASDAQ:SWIM) Director James Cline purchased 50,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $4.84 per share, with a total value of $242,000.00. Following the acquisition, the director directly owned 100,000 shares in the company, valued at $484,000. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Latham Group Stock Up 2.3%

NASDAQ SWIM traded up $0.11 on Wednesday, hitting $4.89. 786,454 shares of the stock were exchanged, compared to its average volume of 887,574. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Latham Group, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $8.97. The company has a market cap of $574.13 million, a PE ratio of 69.86, a PEG ratio of 0.83 and a beta of 1.72. The company has a 50-day moving average price of $5.67 and a 200-day moving average price of $6.31.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Latham Group had a return on equity of 2.13% and a net margin of 1.55%.The firm had revenue of $117.32 million for the quarter, compared to analyst estimates of $118.39 million. Sell-side analysts anticipate that Latham Group, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on SWIM shares. Barclays reduced their price objective on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. William Blair restated an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Stifel Nicolaus boosted their price objective on shares of Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Bank of America reduced their price objective on shares of Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Latham Group has an average rating of “Hold” and an average price target of $7.50.

Institutional Trading of Latham Group

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in Latham Group by 83.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after purchasing an additional 1,921 shares during the period. Raymond James Financial Inc. acquired a new stake in Latham Group during the 2nd quarter worth $29,000. Summit Securities Group LLC acquired a new stake in Latham Group during the 1st quarter worth $30,000. Covestor Ltd boosted its stake in Latham Group by 153.0% during the 4th quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after purchasing an additional 3,372 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Latham Group during the 3rd quarter worth $47,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Company Profile

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.