AYAL Capital Advisors Ltd Makes New Investment in Latham Group, Inc. $SWIM

Key Points

• AYAL Capital Advisors Ltd has invested approximately $3.65 million in Latham Group, acquiring 567,900 shares, which constitutes 1.2% of its investment portfolio making it the 26th largest holding.
• Goldman Sachs increased their target price on Latham Group from $4.00 to $4.50, maintaining a "sell" rating, while the consensus rating for the stock is currently a "Moderate Buy" with an average target price of $7.95.
• Latham Group's shares experienced a 3% decline on the day of reporting, with stock currently trading at $7.79, amidst significant institutional investor activity where 83.95% of the company's stock is held by hedge funds and other institutional investors.

AYAL Capital Advisors Ltd bought a new stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 567,900 shares of the company's stock, valued at approximately $3,652,000. Latham Group comprises 1.2% of AYAL Capital Advisors Ltd's investment portfolio, making the stock its 26th largest position. AYAL Capital Advisors Ltd owned approximately 0.49% of Latham Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Voss Capital LP raised its holdings in Latham Group by 9.9% during the 1st quarter. Voss Capital LP now owns 5,676,715 shares of the company's stock worth $36,501,000 after buying an additional 512,537 shares during the period. Wellington Management Group LLP acquired a new stake in Latham Group during the 1st quarter worth about $4,382,000. Russell Investments Group Ltd. raised its holdings in Latham Group by 77.7% during the 1st quarter. Russell Investments Group Ltd. now owns 199,323 shares of the company's stock worth $1,282,000 after buying an additional 87,167 shares during the period. Nuveen LLC acquired a new stake in Latham Group during the 1st quarter worth about $623,000. Finally, CenterBook Partners LP raised its holdings in Latham Group by 9.9% during the 1st quarter. CenterBook Partners LP now owns 1,265,210 shares of the company's stock worth $8,135,000 after buying an additional 113,676 shares during the period. Institutional investors and hedge funds own 83.95% of the company's stock.

Insider Buying and Selling at Latham Group

In other Latham Group news, Director Frank J. Dellaquila bought 5,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the acquisition, the director directly owned 21,814 shares of the company's stock, valued at approximately $179,747.36. This trade represents a 29.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Latham Group Trading Down 1.3%

NASDAQ SWIM traded down $0.11 on Monday, hitting $8.13. 175,589 shares of the company were exchanged, compared to its average volume of 625,466. The company's 50 day moving average price is $7.22 and its 200-day moving average price is $6.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.51. The firm has a market capitalization of $947.49 million, a P/E ratio of -67.70 and a beta of 1.74. Latham Group, Inc. has a twelve month low of $4.56 and a twelve month high of $8.46.

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.