Bayesian Capital Management LP Makes New Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Bayesian Capital Management LP bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,642 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fund 1 Investments LLC acquired a new position in shares of Smith & Wesson Brands during the 4th quarter worth approximately $4,790,000. Quadrature Capital Ltd acquired a new position in Smith & Wesson Brands in the first quarter valued at approximately $563,000. Charles Schwab Investment Management Inc. lifted its holdings in Smith & Wesson Brands by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,925 shares of the company’s stock valued at $13,437,000 after acquiring an additional 19,018 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Smith & Wesson Brands by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,514,160 shares of the company’s stock valued at $45,368,000 after acquiring an additional 92,985 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Smith & Wesson Brands in the fourth quarter valued at approximately $176,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 1.9 %

Shares of NASDAQ SWBI opened at $16.23 on Friday. The firm has a market cap of $739.44 million, a price-to-earnings ratio of 18.87 and a beta of 1.09. The company has a quick ratio of 1.32, a current ratio of 2.98 and a debt-to-equity ratio of 0.19. Smith & Wesson Brands, Inc. has a 52-week low of $10.38 and a 52-week high of $18.05. The business’s 50 day moving average is $15.49 and its two-hundred day moving average is $15.51.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.32 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis.

Smith & Wesson Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.20%. The ex-dividend date was Thursday, July 11th. This is a positive change from Smith & Wesson Brands’s previous quarterly dividend of $0.12. Smith & Wesson Brands’s dividend payout ratio is 60.47%.

Insider Activity at Smith & Wesson Brands

In related news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction 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 transaction, the director now owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.