Copeland Capital Management LLC Buys Shares of 4,013 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Copeland Capital Management LLC purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) 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

Shares of SWBI stock opened at $13.00 on Wednesday. Smith & Wesson Brands, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $18.05. The firm has a market capitalization of $592.28 million, a price-to-earnings ratio of 15.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The stock’s 50-day simple moving average is $13.61 and its 200-day simple moving average is $15.08.

Smith & Wesson Brands (NASDAQ:SWBI) 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.