196,548 Shares in Latham Group, Inc. (NASDAQ:SWIM) Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust bought a new stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 196,548 shares of the company's stock, valued at approximately $1,368,000. Emerald Mutual Fund Advisers Trust owned 0.17% of Latham Group at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Pamplona Capital Management LLC bought a new stake in shares of Latham Group during the fourth quarter valued at approximately $360,846,000. Wynnchurch Capital Partners IV L.P. bought a new stake in Latham Group in the 4th quarter valued at $104,287,000. Voss Capital LP lifted its stake in Latham Group by 29.1% in the 4th quarter. Voss Capital LP now owns 5,164,178 shares of the company's stock worth $35,943,000 after purchasing an additional 1,163,329 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of Latham Group during the 4th quarter valued at about $17,408,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Latham Group by 28.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,094,992 shares of the company's stock valued at $14,580,000 after purchasing an additional 458,604 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.66.

Latham Group Price Performance

Shares of NASDAQ:SWIM traded up $0.36 on Friday, reaching $6.01. The company's stock had a trading volume of 852,160 shares, compared to its average volume of 600,105. The company has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $6.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The company has a market cap of $695.82 million, a P/E ratio of 66.79 and a beta of 1.70. Latham Group, Inc. has a 52-week low of $2.54 and a 52-week high of $8.41.

Insider Buying and Selling

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm's 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 sale, the insider now directly owns 332,818 shares in the company, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is currently owned by company insiders.

About Latham Group

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.