Martingale Asset Management L P Decreases Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Martingale Asset Management L P decreased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 7.4% during the 3rd quarter, Holdings Channel reports. The firm owned 25,326 shares of the company’s stock after selling 2,013 shares during the quarter. Martingale Asset Management L P’s holdings in Smith & Wesson Brands were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Smith & Wesson Brands by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 79,360 shares of the company’s stock worth $1,138,000 after buying an additional 655 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Smith & Wesson Brands by 1.8% in the second quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,421 shares in the last quarter. Blue Trust Inc. grew its position in shares of Smith & Wesson Brands by 311.0% in the second quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after purchasing an additional 1,614 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Smith & Wesson Brands by 17.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock worth $228,000 after purchasing an additional 1,952 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Smith & Wesson Brands by 14.0% during the 2nd quarter. Wedbush Securities Inc. now owns 16,250 shares of the company’s stock worth $233,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Price Performance

SWBI stock opened at $13.53 on Wednesday. The stock’s 50 day moving average price is $13.20 and its 200 day moving average price is $14.35. The firm has a market cap of $606.82 million, a P/E ratio of 18.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. Smith & Wesson Brands, Inc. has a 1 year low of $11.96 and a 1 year high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The business had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio is presently 70.27%.

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.