Cubist Systematic Strategies LLC Takes $503,000 Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Cubist Systematic Strategies LLC acquired a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 49,823 shares of the company's stock, valued at approximately $503,000. Cubist Systematic Strategies LLC owned approximately 0.11% of Smith & Wesson Brands as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Smith & Wesson Brands during the 4th quarter worth about $568,000. Counterpoint Mutual Funds LLC acquired a new position in Smith & Wesson Brands in the 4th quarter valued at approximately $331,000. Sanctuary Advisors LLC bought a new stake in shares of Smith & Wesson Brands in the 4th quarter worth approximately $114,000. Teacher Retirement System of Texas grew its holdings in shares of Smith & Wesson Brands by 84.6% during the 4th quarter. Teacher Retirement System of Texas now owns 62,296 shares of the company's stock worth $630,000 after purchasing an additional 28,556 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Smith & Wesson Brands by 9.8% during the 4th quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company's stock worth $1,460,000 after purchasing an additional 12,910 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital dropped their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a research note on Friday, March 7th.

Smith & Wesson Brands Price Performance

NASDAQ SWBI traded down $0.08 during trading hours on Wednesday, reaching $9.68. 23,053 shares of the company's stock were exchanged, compared to its average volume of 490,499. The firm has a fifty day moving average of $9.39 and a 200-day moving average of $10.59. Smith & Wesson Brands, Inc. has a one year low of $8.38 and a one year high of $16.89. The stock has a market cap of $425.95 million, a PE ratio of 12.42 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.

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

Smith & Wesson Brands Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

Smith & Wesson Brands 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.