Bridgeway Capital Management LLC Has $352,000 Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Bridgeway Capital Management LLC cut its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 58.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,873 shares of the company's stock after selling 48,450 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.08% of Smith & Wesson Brands worth $352,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Smith & Wesson Brands by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company's stock worth $30,960,000 after purchasing an additional 104,128 shares during the period. Bank of New York Mellon Corp increased its position in Smith & Wesson Brands by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company's stock worth $5,309,000 after buying an additional 80,235 shares in the last quarter. Barclays PLC grew its position in shares of Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company's stock worth $1,046,000 after purchasing an additional 56,800 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $568,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Smith & Wesson Brands during the fourth quarter valued at approximately $331,000. Hedge funds and other institutional investors own 59.33% of the company's stock.

Analysts Set New Price Targets

Separately, Lake Street Capital reduced their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a report on Friday, March 7th.

Smith & Wesson Brands Stock Up 0.5%

SWBI traded up $0.05 on Friday, hitting $9.79. 272,499 shares of the company were exchanged, compared to its average volume of 493,365. The company has a market cap of $430.79 million, a price-to-earnings ratio of 12.55 and a beta of 1.09. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $9.39 and a two-hundred day moving average price of $10.62. Smith & Wesson Brands, Inc. has a twelve month low of $8.38 and a twelve month high of $16.89.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The firm had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. On average, equities analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.31%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.