Keynote Financial Services LLC Makes New $199,000 Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Keynote Financial Services LLC bought a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the first quarter, Holdings Channel reports. The firm bought 11,442 shares of the company’s stock, valued at approximately $199,000.

Other large investors have also bought and sold shares of the company. Lesa Sroufe & Co grew its position in shares of Smith & Wesson Brands by 1.7% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Smith & Wesson Brands by 17.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock valued at $228,000 after purchasing an additional 1,952 shares in the last quarter. Aviance Capital Partners LLC grew its position in shares of Smith & Wesson Brands by 3.9% in the first quarter. Aviance Capital Partners LLC now owns 57,740 shares of the company’s stock valued at $1,002,000 after purchasing an additional 2,164 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Smith & Wesson Brands by 1,255.8% in the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock valued at $41,000 after purchasing an additional 2,813 shares in the last quarter. Finally, EMC Capital Management grew its position in shares of Smith & Wesson Brands by 29.2% in the first quarter. EMC Capital Management now owns 13,698 shares of the company’s stock valued at $238,000 after purchasing an additional 3,092 shares in the last quarter. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Price Performance

NASDAQ:SWBI traded down $0.44 during trading hours on Friday, hitting $15.79. 382,375 shares of the company’s stock traded hands, compared to its average volume of 431,572. The firm has a market cap of $719.39 million, a P/E ratio of 18.36 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 52 week low of $10.38 and a 52 week high of $18.05. The business’s fifty day simple moving average is $15.49 and its two-hundred day simple moving average is $15.54. 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 (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The company had revenue of $159.15 million during the quarter, compared to analyst estimates of $156.80 million. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share.

Smith & Wesson Brands Increases Dividend

The company also recently declared 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. The ex-dividend date was Thursday, July 11th. This represents a $0.52 annualized dividend and a yield of 3.29%. This is a positive change from Smith & Wesson Brands’s previous quarterly dividend of $0.12. Smith & Wesson Brands’s payout ratio is 60.47%.

Insiders Place Their Bets

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction dated Monday, July 29th. The stock was 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 owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.99% of the company’s stock.

Analyst Ratings Changes

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

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.