Emerald Mutual Fund Advisers Trust Makes New Investment in Latham Group, Inc. (NASDAQ:SWIM)

Emerald Mutual Fund Advisers Trust bought a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 196,548 shares of the company's stock, valued at approximately $1,368,000. Emerald Mutual Fund Advisers Trust owned about 0.17% of Latham Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SWIM. Summit Securities Group LLC acquired a new stake in Latham Group during the 4th quarter worth approximately $33,000. US Bancorp DE increased its position in shares of Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock worth $81,000 after acquiring an additional 11,662 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Latham Group in the fourth quarter worth $82,000. EntryPoint Capital LLC purchased a new position in shares of Latham Group in the 4th quarter valued at $109,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Latham Group by 15.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company's stock worth $111,000 after purchasing an additional 2,168 shares during the period. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Stock Performance

SWIM stock traded up $0.36 during mid-day trading on Friday, reaching $6.01. The company had a trading volume of 852,160 shares, compared to its average volume of 598,552. Latham Group, Inc. has a one year low of $2.54 and a one year high of $8.41. The stock has a market capitalization of $695.82 million, a P/E ratio of 66.79 and a beta of 1.70. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The stock's 50-day simple moving average is $6.02 and its two-hundred day simple moving average is $6.48.

Analysts Set New Price Targets

Separately, Robert W. Baird set a $8.50 target price on Latham Group in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.66.

Insider Buying and Selling at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now owns 332,818 shares of the company's stock, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by company insiders.

Latham Group Company Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.