Latham Group (NASDAQ:SWIM) Trading Up 10.7%

Latham Group, Inc. (NASDAQ:SWIM) shares were up 10.7% on Friday . The company traded as high as $6.41 and last traded at $6.40. Approximately 480,554 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 396,102 shares. The stock had previously closed at $5.78.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SWIM shares. Robert W. Baird upped their price target on shares of Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barclays upped their price target on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th.

Latham Group Trading Up 12.5 %

The company has a debt-to-equity ratio of 0.68, a current ratio of 3.22 and a quick ratio of 2.15. The stock’s 50-day moving average is $3.78 and its two-hundred day moving average is $3.48. The stock has a market cap of $751.22 million, a P/E ratio of 216.67 and a beta of 1.76.

Insider Buying and Selling

In related news, VP Suraj Kunchala sold 10,139 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total transaction of $51,303.34. Following the sale, the vice president now owns 38,748 shares of the company’s stock, valued at $196,064.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Scott Michael Rajeski sold 33,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.09, for a total transaction of $200,970.00. Following the sale, the chief executive officer now owns 516,680 shares of the company’s stock, valued at $3,146,581.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Suraj Kunchala sold 10,139 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total transaction of $51,303.34. Following the sale, the vice president now directly owns 38,748 shares in the company, valued at approximately $196,064.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,081 shares of company stock worth $272,299. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently made changes to their positions in SWIM. Victory Capital Management Inc. raised its stake in shares of Latham Group by 23.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,462,645 shares of the company’s stock valued at $6,477,000 after acquiring an additional 465,530 shares during the period. Natixis Advisors L.P. raised its stake in shares of Latham Group by 50.1% in the fourth quarter. Natixis Advisors L.P. now owns 877,079 shares of the company’s stock valued at $2,306,000 after acquiring an additional 292,885 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Latham Group by 21.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after acquiring an additional 234,930 shares during the period. Roubaix Capital LLC raised its stake in shares of Latham Group by 104.1% in the second quarter. Roubaix Capital LLC now owns 445,652 shares of the company’s stock valued at $1,350,000 after acquiring an additional 227,349 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Latham Group by 103.7% in the second quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after acquiring an additional 213,128 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Company 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.