Latham Group (NASDAQ:SWIM) CFO Oliver Gloe Buys 15,050 Shares of Stock

Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver Gloe purchased 15,050 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $4.90 per share, with a total value of $73,745.00. Following the completion of the transaction, the chief financial officer directly owned 540,758 shares of the company’s stock, valued at approximately $2,649,714.20. This represents a 2.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Latham Group Price Performance

SWIM stock opened at $5.16 on Friday. The firm has a market capitalization of $605.84 million, a PE ratio of 73.71, a price-to-earnings-growth ratio of 0.84 and a beta of 1.72. Latham Group, Inc. has a 1 year low of $4.64 and a 1 year high of $8.97. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. The business has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $6.28.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $117.32 million during the quarter, compared to analysts’ expectations of $118.39 million. Latham Group had a return on equity of 2.13% and a net margin of 1.55%. Equities research analysts anticipate that Latham Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen lowered Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Bank of America lowered their price objective on Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. The Goldman Sachs Group reiterated a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. William Blair reiterated an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Finally, Weiss Ratings upgraded Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Latham Group by 83.9% during the second 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 in the last quarter. Raymond James Financial Inc. acquired a new position in Latham Group during the second quarter worth $29,000. Summit Securities Group LLC acquired a new position in Latham Group during the first quarter worth $30,000. Covestor Ltd raised its stake in shares of Latham Group by 153.0% in the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock valued at $35,000 after acquiring an additional 3,372 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Latham Group in the third quarter valued at $47,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

About Latham Group

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.