4D Advisors LLC Purchases Shares of 500,000 Latham Group, Inc. (NASDAQ:SWIM)

4D Advisors LLC acquired a new position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the company's stock, valued at approximately $3,480,000. Latham Group comprises approximately 2.4% of 4D Advisors LLC's holdings, making the stock its 19th biggest position. 4D Advisors LLC owned about 0.43% of Latham Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust acquired a new position in Latham Group during the 4th quarter worth $1,368,000. Northern Trust Corp increased its stake in shares of Latham Group by 11.2% in the fourth quarter. Northern Trust Corp now owns 351,511 shares of the company's stock worth $2,447,000 after purchasing an additional 35,416 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Latham Group during the 4th quarter worth about $331,000. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $111,000 after purchasing an additional 2,168 shares during the period. Finally, Voss Capital LP grew 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 valued at $35,943,000 after buying an additional 1,163,329 shares during the last quarter. 83.95% of the stock is owned by institutional investors.

Insider Activity

In related 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 transaction, the insider now owns 332,818 shares of the company's stock, valued at $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 is available at this hyperlink. Corporate insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

Latham Group Stock Performance

Shares of NASDAQ SWIM opened at $5.65 on Friday. Latham Group, Inc. has a one year low of $2.38 and a one year high of $8.41. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $6.02 and a 200 day simple moving average of $6.48. The firm has a market capitalization of $654.14 million, a price-to-earnings ratio of 62.78 and a beta of 1.70.

Latham Group 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.

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