Aviance Capital Partners LLC Purchases 31,776 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Aviance Capital Partners LLC raised its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 31.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,059 shares of the company's stock after purchasing an additional 31,776 shares during the period. Aviance Capital Partners LLC owned about 0.30% of Smith & Wesson Brands worth $1,240,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SWBI. IMG Wealth Management Inc. bought a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at about $44,000. Spurstone Advisory Services LLC bought a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at about $47,000. Jones Financial Companies Lllp raised its stake in shares of Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after purchasing an additional 3,476 shares in the last quarter. Byrne Asset Management LLC raised its stake in shares of Smith & Wesson Brands by 145.0% during the first quarter. Byrne Asset Management LLC now owns 5,391 shares of the company's stock valued at $50,000 after purchasing an additional 3,191 shares in the last quarter. Finally, Caption Management LLC bought a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at about $51,000. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 3.6%

Shares of NASDAQ SWBI traded down $0.32 during trading hours on Monday, hitting $8.58. The stock had a trading volume of 841,580 shares, compared to its average volume of 538,733. The company has a market capitalization of $377.52 million, a P/E ratio of 31.78 and a beta of 0.94. The firm's 50-day moving average price is $9.55 and its two-hundred day moving average price is $9.85. Smith & Wesson Brands, Inc. has a 52 week low of $8.38 and a 52 week high of $16.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 4.16.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings results on Wednesday, June 18th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Smith & Wesson Brands had a return on equity of 3.71% and a net margin of 2.60%. The business had revenue of $140.76 million for the quarter, compared to analyst estimates of $152.41 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. Analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend is Monday, July 7th. Smith & Wesson Brands's dividend payout ratio (DPR) is 192.59%.

Analyst Ratings Changes

Separately, Lake Street Capital dropped their price target on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd.

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.