Bank of America Corp DE cut its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,666 shares of the company's stock after selling 231,444 shares during the period. Bank of America Corp DE owned approximately 0.06% of Smith & Wesson Brands worth $249,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp raised its stake in shares of Smith & Wesson Brands by 8.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock worth $126,000 after buying an additional 1,018 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Smith & Wesson Brands by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 27,408 shares of the company's stock worth $277,000 after buying an additional 1,315 shares in the last quarter. LPL Financial LLC raised its stake in shares of Smith & Wesson Brands by 3.1% during the 4th quarter. LPL Financial LLC now owns 49,661 shares of the company's stock worth $502,000 after buying an additional 1,482 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Smith & Wesson Brands by 45.5% during the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after buying an additional 1,867 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Smith & Wesson Brands by 19.5% during the 4th quarter. Larson Financial Group LLC now owns 12,161 shares of the company's stock worth $123,000 after buying an additional 1,983 shares in the last quarter. 59.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Lake Street Capital dropped their price objective on 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.
Check Out Our Latest Stock Analysis on Smith & Wesson Brands
Smith & Wesson Brands Price Performance
NASDAQ:SWBI traded up $0.16 during mid-day trading on Monday, hitting $10.67. 66,012 shares of the company's stock traded hands, compared to its average volume of 499,522. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The firm's 50 day simple moving average is $9.53 and its 200 day simple moving average is $10.12. Smith & Wesson Brands, Inc. has a 1 year low of $8.38 and a 1 year high of $16.85. The company has a market cap of $469.51 million, a PE ratio of 13.63 and a beta of 1.01.
Smith & Wesson Brands Company Profile
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Free Report)
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.
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