Copeland Capital Management LLC purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,013 shares of the company’s stock, valued at approximately $52,000.
A number of other large investors have also modified their holdings of SWBI. Millennium Management LLC purchased a new stake in shares of Smith & Wesson Brands during the second quarter worth about $4,354,000. Marshall Wace LLP purchased a new stake in shares of Smith & Wesson Brands during the second quarter worth about $4,129,000. American Century Companies Inc. grew its stake in shares of Smith & Wesson Brands by 28.3% during the second quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock worth $15,004,000 after acquiring an additional 230,532 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Smith & Wesson Brands by 1,023.1% during the second quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock worth $1,923,000 after acquiring an additional 122,147 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Smith & Wesson Brands by 2.7% during the second quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock worth $40,123,000 after acquiring an additional 72,500 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.
Insider Activity at Smith & Wesson Brands
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 stock was sold at an average price of $16.07, for a total value of $32,140.00. Following the sale, the director now owns 67,569 shares in the company, valued at $1,085,833.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is owned by insiders.
Smith & Wesson Brands Price Performance
Smith & Wesson Brands (NASDAQ:SWBI – Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The company’s revenue was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share.
Smith & Wesson Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 4.00%. Smith & Wesson Brands’s dividend payout ratio 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.
Featured Articles
- Five stocks we like better than Smith & Wesson Brands
- Where Do I Find 52-Week Highs and Lows?
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- Ride Out The Recession With These Dividend KingsĀ
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- 5 Top Rated Dividend Stocks to Consider
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Want to see what other hedge funds are holding SWBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smith & Wesson Brands, Inc. (NASDAQ:SWBI – Free Report).
Receive News & Ratings for Smith & Wesson Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Wesson Brands and related companies with MarketBeat.com's FREE daily email newsletter.