Dimensional Fund Advisors LP Purchases 470,123 Shares of Latham Group, Inc. $SWIM

Dimensional Fund Advisors LP boosted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 16.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,370,146 shares of the company’s stock after acquiring an additional 470,123 shares during the period. Dimensional Fund Advisors LP’s holdings in Latham Group were worth $18,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in Latham Group by 83.9% in 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Latham Group in the 2nd quarter worth $29,000. Summit Securities Group LLC bought a new position in Latham Group in the 1st quarter valued at about $30,000. Covestor Ltd lifted its position in shares of Latham Group by 153.0% during the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock valued at $35,000 after purchasing an additional 3,372 shares in the last quarter. Finally, State of Wyoming purchased a new position in Latham Group in the fourth quarter worth $55,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Oliver C. Gloe purchased 15,050 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $4.90 per share, with a total value of $73,745.00. Following the transaction, the chief financial officer directly owned 540,758 shares in the company, valued at $2,649,714.20. This trade represents a 2.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Cline bought 50,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $4.84 per share, with a total value of $242,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at approximately $484,000. The trade was a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.32% of the stock is owned by insiders.

Latham Group Stock Performance

NASDAQ:SWIM opened at $7.48 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The firm’s fifty day simple moving average is $5.89 and its 200 day simple moving average is $5.96. The stock has a market cap of $880.02 million, a P/E ratio of 149.60, a price-to-earnings-growth ratio of 1.48 and a beta of 1.65. Latham Group, Inc. has a twelve month low of $4.64 and a twelve month high of $8.97.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $188.39 million. Latham Group had a return on equity of 1.32% and a net margin of 0.92%. As a group, research analysts predict that Latham Group, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SWIM shares. The Goldman Sachs Group restated a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Latham Group in a report on Tuesday. Wall Street Zen cut shares of Latham Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Bank of America reduced their price target 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 research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

Latham Group 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.