Emerald Advisers LLC Boosts Stock Position in Latham Group, Inc. (NASDAQ:SWIM)

Emerald Advisers LLC lifted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 718.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,755 shares of the company's stock after acquiring an additional 257,846 shares during the quarter. Emerald Advisers LLC owned 0.25% of Latham Group worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SWIM. US Bancorp DE increased its stake in shares of 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 purchasing an additional 11,662 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Latham Group by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 340,603 shares of the company's stock valued at $2,371,000 after purchasing an additional 7,397 shares in the last quarter. Arizona State Retirement System acquired a new stake in Latham Group during the fourth quarter worth about $82,000. Swiss National Bank acquired a new stake in shares of Latham Group in the fourth quarter valued at approximately $553,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Latham Group in the fourth quarter valued at approximately $1,431,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insider Activity

In related news, Director James E. Cline sold 45,583 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $5.95, for a total value of $271,218.85. Following the transaction, the director owned 193,668 shares of the company's stock, valued at approximately $1,152,324.60. This trade represents a 19.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Latham Group Trading Up 3.9%

NASDAQ SWIM traded up $0.24 during trading hours on Thursday, reaching $6.44. The company's stock had a trading volume of 469,081 shares, compared to its average volume of 665,245. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.55 and a quick ratio of 1.50. The stock has a market cap of $749.42 million, a P/E ratio of -46.00 and a beta of 1.72. The firm has a fifty day simple moving average of $6.19 and a 200-day simple moving average of $6.29. Latham Group, Inc. has a 52 week low of $2.91 and a 52 week high of $8.41.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their target price on shares of Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.56.

About Latham Group

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.