Wynnchurch Capital Partners IV L.P. Acquires Shares of 14,983,771 Latham Group, Inc. (NASDAQ:SWIM)

Wynnchurch Capital Partners IV L.P. acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,983,771 shares of the company’s stock, valued at approximately $104,287,000. Latham Group comprises approximately 100.0% of Wynnchurch Capital Partners IV L.P.’s investment portfolio, making the stock its largest position. Wynnchurch Capital Partners IV L.P. owned about 12.96% of Latham Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings in Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after purchasing an additional 3,123 shares in the last quarter. Quarry LP acquired a new position in shares of Latham Group in the 3rd quarter valued at $53,000. Quadrature Capital Ltd acquired a new position in shares of Latham Group in the 3rd quarter valued at $72,000. Voya Financial Advisors Inc. purchased a new position in shares of Latham Group in the 3rd quarter valued at $89,000. Finally, Intech Investment Management LLC acquired a new stake in Latham Group during the 3rd quarter worth $92,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SWIM. Craig Hallum started coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company. Robert W. Baird upped their target price on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.65.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.41 on Tuesday. The stock’s 50-day moving average price is $6.85 and its 200 day moving average price is $6.57. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $741.12 million, a PE ratio of 71.23 and a beta of 1.81. Latham Group, Inc. has a 52-week low of $2.38 and a 52-week high of $8.41.

Insider Buying and Selling at Latham Group

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company’s stock.

Latham Group Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.