Dimensional Fund Advisors LP Purchases 458,604 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Dimensional Fund Advisors LP boosted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,094,992 shares of the company's stock after acquiring an additional 458,604 shares during the period. Dimensional Fund Advisors LP owned 1.81% of Latham Group worth $14,580,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Latham Group during the 4th quarter worth $33,000. US Bancorp DE increased its stake in Latham Group by 29,902.6% during the 4th quarter. US Bancorp DE now owns 11,701 shares of the company's stock worth $81,000 after acquiring an additional 11,662 shares during the period. Arizona State Retirement System bought a new position in Latham Group during the 4th quarter worth $82,000. EntryPoint Capital LLC bought a new position in Latham Group during the 4th quarter worth $109,000. Finally, LPL Financial LLC increased its stake in Latham Group by 12.0% during the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company's stock worth $111,000 after acquiring an additional 1,713 shares during the period. Institutional investors own 83.95% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday. Robert W. Baird set a $8.50 price target on Latham Group in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Latham Group currently has an average rating of "Hold" and a consensus target price of $7.56.

Insider Activity at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the transaction, the insider now directly owns 332,818 shares of the company's stock, valued at approximately $2,176,629.72. The trade was a 24.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is currently owned by company insiders.

Latham Group Price Performance

Shares of SWIM traded up $0.68 during midday trading on Monday, hitting $6.67. The company's stock had a trading volume of 464,942 shares, compared to its average volume of 608,200. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a one year low of $2.54 and a one year high of $8.41. The stock has a market capitalization of $776.17 million, a price-to-earnings ratio of 74.12 and a beta of 1.72. The company's fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $6.43.

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.