Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC lessened its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 21.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,828 shares of the company’s stock after selling 26,557 shares during the period. Ancora Advisors LLC’s holdings in Smith & Wesson Brands were worth $1,733,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fund 1 Investments LLC purchased a new stake in Smith & Wesson Brands in the fourth quarter valued at approximately $4,790,000. AMH Equity Ltd purchased a new stake in Smith & Wesson Brands in the fourth quarter valued at approximately $2,712,000. UBS Group AG grew its holdings in Smith & Wesson Brands by 10.2% in the fourth quarter. UBS Group AG now owns 2,067,462 shares of the company’s stock valued at $28,035,000 after purchasing an additional 191,813 shares during the period. Vanguard Group Inc. grew its holdings in Smith & Wesson Brands by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,514,160 shares of the company’s stock valued at $45,368,000 after purchasing an additional 92,985 shares during the period. Finally, Denali Advisors LLC grew its holdings in Smith & Wesson Brands by 42.2% in the first quarter. Denali Advisors LLC now owns 164,116 shares of the company’s stock valued at $2,849,000 after purchasing an additional 48,700 shares during the period. Institutional investors and hedge funds own 59.33% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital boosted their target price 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.

Smith & Wesson Brands Price Performance

SWBI opened at $16.55 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.98 and a debt-to-equity ratio of 0.19. Smith & Wesson Brands, Inc. has a 52-week low of $10.38 and a 52-week high of $18.05. The company has a 50 day moving average of $15.49 and a two-hundred day moving average of $15.50. The company has a market cap of $754.02 million, a P/E ratio of 19.24 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.10. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The company had revenue of $159.15 million during the quarter, compared to the consensus estimate of $156.80 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Smith & Wesson Brands’s revenue for the quarter was up 9.9% on a year-over-year basis.

Smith & Wesson Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.13 per share. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, July 11th. Smith & Wesson Brands’s payout ratio is currently 60.47%.

Insiders Place Their Bets

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now directly owns 67,569 shares in the company, valued at $1,085,833.83. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.99% of the stock is owned by insiders.

Smith & Wesson Brands 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.