4D Advisors LLC Acquires New Holdings in Latham Group, Inc. (NASDAQ:SWIM)

4D Advisors LLC bought a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 500,000 shares of the company's stock, valued at approximately $3,480,000. Latham Group accounts for 2.4% of 4D Advisors LLC's investment portfolio, making the stock its 19th largest holding. 4D Advisors LLC owned about 0.43% of Latham Group as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SWIM. Pamplona Capital Management LLC acquired a new position in shares of Latham Group in the fourth quarter worth about $360,846,000. Wynnchurch Capital Partners IV L.P. purchased a new position in shares of Latham Group in the 4th quarter valued at about $104,287,000. Voss Capital LP raised its holdings 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 during the period. Wasatch Advisors LP acquired a new position in Latham Group in the 4th quarter worth about $17,408,000. Finally, Dimensional Fund Advisors LP boosted its position in Latham Group by 28.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,094,992 shares of the company's stock worth $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.

Insider Activity

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction dated Friday, March 14th. The shares were 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 owns 332,818 shares in the company, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.60% of the company's stock.

Latham Group Price Performance

SWIM stock traded down $0.30 during trading on Wednesday, hitting $5.67. The stock had a trading volume of 645,501 shares, compared to its average volume of 603,633. Latham Group, Inc. has a twelve month low of $2.54 and a twelve month high of $8.41. The company's 50-day moving average price is $6.01 and its two-hundred day moving average price is $6.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The stock has a market capitalization of $656.34 million, a P/E ratio of 62.73 and a beta of 1.72.

Analysts Set New Price Targets

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

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.