13,642 Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 13,642 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds have also recently made changes to their positions in the company. Lesa Sroufe & Co lifted its stake in shares of Smith & Wesson Brands by 1.7% in the 4th quarter. Lesa Sroufe & Co now owns 87,842 shares of the company’s stock valued at $1,191,000 after purchasing an additional 1,491 shares during the period. Price T Rowe Associates Inc. MD raised its position in Smith & Wesson Brands by 17.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock worth $228,000 after acquiring an additional 1,952 shares during the period. Aviance Capital Partners LLC raised its position in Smith & Wesson Brands by 3.9% during the first quarter. Aviance Capital Partners LLC now owns 57,740 shares of the company’s stock worth $1,002,000 after acquiring an additional 2,164 shares during the period. International Assets Investment Management LLC raised its position in Smith & Wesson Brands by 1,255.8% during the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock worth $41,000 after acquiring an additional 2,813 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Smith & Wesson Brands by 15.9% during the first quarter. Commonwealth Equity Services LLC now owns 32,704 shares of the company’s stock worth $568,000 after acquiring an additional 4,496 shares during the period. 59.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their price objective on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, June 21st.

Insider Buying and Selling at Smith & Wesson Brands

In related news, Director Robert L. Scott sold 2,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.07, for a total transaction of $32,140.00. Following the transaction, the director now directly owns 67,569 shares in the company, valued at $1,085,833.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.99% of the stock is owned by corporate insiders.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI opened at $16.23 on Friday. The firm’s fifty day moving average price is $15.49 and its 200 day moving average price is $15.51. Smith & Wesson Brands, Inc. has a 1-year low of $10.38 and a 1-year high of $18.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.98 and a quick ratio of 1.32. The firm has a market cap of $739.44 million, a price-to-earnings ratio of 18.87 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, June 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. The business had revenue of $159.15 million for the quarter, compared to analyst estimates of $156.80 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS.

Smith & Wesson Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.13 dividend. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.52 annualized dividend and a yield of 3.20%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 60.47%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.