XTX Topco Ltd Makes New $285,000 Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

XTX Topco Ltd bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,864 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds have also modified their holdings of SWBI. Blue Trust Inc. boosted its holdings in Smith & Wesson Brands by 311.0% in the 2nd 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 period. nVerses Capital LLC bought a new stake in shares of Smith & Wesson Brands in the second quarter valued at approximately $130,000. TrueMark Investments LLC acquired a new stake in Smith & Wesson Brands during the second quarter worth approximately $149,000. Allspring Global Investments Holdings LLC increased its stake in Smith & Wesson Brands by 1,653.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,256 shares of the company’s stock worth $161,000 after acquiring an additional 8,728 shares during the period. Finally, Virtu Financial LLC acquired a new position in Smith & Wesson Brands in the 4th quarter valued at $180,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their target price on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, June 21st.

Insider Activity

In related news, Director Robert L. Scott sold 2,000 shares of the company’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 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 filing with the SEC, which is available through the SEC website. 0.99% of the stock is currently owned by corporate insiders.

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $13.03 on Friday. The firm’s 50 day simple moving average is $14.43 and its 200 day simple moving average is $15.65. The firm has a market capitalization of $593.65 million, a price-to-earnings ratio of 15.15 and a beta of 1.01. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. 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 issued its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share 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 firm had revenue of $88.33 million for the quarter, compared to the consensus estimate of $102.52 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was down 22.7% compared to the same quarter last year.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.99%. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 60.47%.

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.