nVerses Capital LLC Acquires Shares of 9,100 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

nVerses Capital LLC bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,100 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors have also modified their holdings of the business. TrueMark Investments LLC acquired a new stake in Smith & Wesson Brands during the 2nd quarter valued at approximately $149,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Smith & Wesson Brands by 68.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,582 shares of the company’s stock valued at $223,000 after buying an additional 6,326 shares during the last quarter. IMA Advisory Services Inc. acquired a new stake in shares of Smith & Wesson Brands during the second quarter worth approximately $358,000. Vista Investment Partners LLC bought a new stake in shares of Smith & Wesson Brands in the second quarter worth $311,000. Finally, Blue Trust Inc. raised its holdings in 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 acquiring an additional 1,614 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.07, for a total value of $32,140.00. Following the transaction, the director now directly owns 67,569 shares in the company, valued at approximately $1,085,833.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Trading Down 1.6 %

Shares of NASDAQ SWBI opened at $14.74 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 2.98 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $14.97 and its two-hundred day moving average price is $15.78. Smith & Wesson Brands, Inc. has a 52-week low of $10.38 and a 52-week high of $18.05. The stock has a market capitalization of $664.48 million, a P/E ratio of 17.14 and a beta of 1.01.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results 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. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. The business had revenue of $159.15 million for the quarter, compared to analyst estimates of $156.80 million. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue was up 9.9% compared to the same quarter last year.

Smith & Wesson Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, July 11th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 60.47%.

About Smith & Wesson Brands

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.