Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC grew its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,283 shares of the company’s stock after acquiring an additional 12,875 shares during the quarter. Aviance Capital Partners LLC owned about 0.23% of Smith & Wesson Brands worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Smith & Wesson Brands during the fourth quarter valued at about $568,000. Jones Financial Companies Lllp increased its holdings in Smith & Wesson Brands by 238.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock worth $50,000 after buying an additional 3,476 shares during the period. Bank of New York Mellon Corp increased its holdings in Smith & Wesson Brands by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock worth $5,309,000 after buying an additional 80,235 shares during the period. Private Advisor Group LLC acquired a new position in Smith & Wesson Brands in the 4th quarter worth approximately $271,000. Finally, Sanctuary Advisors LLC acquired a new position in Smith & Wesson Brands in the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SWBI. Lake Street Capital cut their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating on the stock in a report on Friday. Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $18.00 to $13.00 in a report on Friday, December 6th.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI opened at $9.81 on Friday. The stock has a market capitalization of $431.67 million, a price-to-earnings ratio of 12.58 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 12 month low of $9.17 and a 12 month high of $18.05. The firm’s 50 day simple moving average is $10.50 and its 200-day simple moving average is $12.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $115.89 million for the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. Analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.30%. Smith & Wesson Brands’s payout ratio is 66.67%.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.