BloombergSen Inc. Boosts Stock Position in Latham Group, Inc. $SWIM

Key Points

• BloombergSen Inc. significantly increased its stake in Latham Group by 106.4% in Q2, owning a total of 271,885 shares valued at approximately $1.735 million.
• Other institutional investors, including ABS Direct Equity Fund and Bank of America Corp, have also boosted their investments in Latham Group, indicating growing interest in the company.
• Latham Group's stock recently opened at $7.36, down 3.3%, with a market cap of $857.73 million and a substantial debt-to-equity ratio of 0.70.

BloombergSen Inc. increased its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 106.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,885 shares of the company's stock after purchasing an additional 140,169 shares during the quarter. Latham Group makes up approximately 0.1% of BloombergSen Inc.'s holdings, making the stock its 27th largest holding. BloombergSen Inc. owned 0.23% of Latham Group worth $1,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ABS Direct Equity Fund LLC increased its position in Latham Group by 31.6% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 250,000 shares of the company's stock worth $1,595,000 after purchasing an additional 60,000 shares in the last quarter. Bank of America Corp DE increased its position in Latham Group by 68.8% during the 4th quarter. Bank of America Corp DE now owns 262,547 shares of the company's stock worth $1,827,000 after purchasing an additional 107,012 shares in the last quarter. New York State Common Retirement Fund increased its position in Latham Group by 51.4% during the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company's stock worth $110,000 after purchasing an additional 5,820 shares in the last quarter. GAMMA Investing LLC increased its position in Latham Group by 2,565.5% during the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock worth $45,000 after purchasing an additional 6,696 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Latham Group by 2,471,716.7% in the 1st quarter. IFP Advisors Inc now owns 148,309 shares of the company's stock worth $954,000 after buying an additional 148,303 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insider Transactions at Latham Group

In other Latham Group news, Director Frank J. Dellaquila purchased 5,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $8.24 per share, with a total value of $41,200.00. Following the purchase, the director owned 21,814 shares in the company, valued at approximately $179,747.36. This represents a 29.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.60% of the company's stock.

Latham Group Stock Down 3.3%

Shares of NASDAQ:SWIM opened at $7.36 on Thursday. The stock's 50-day moving average price is $7.60 and its two-hundred day moving average price is $6.58. The company has a current ratio of 2.39, a quick ratio of 1.51 and a debt-to-equity ratio of 0.70. Latham Group, Inc. has a 12-month low of $4.56 and a 12-month high of $8.46. The firm has a market cap of $857.73 million, a price-to-earnings ratio of -61.33 and a beta of 1.72.

Latham Group Company 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.

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