Emerald Advisers LLC Purchases 257,846 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Emerald Advisers LLC lifted its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 718.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,755 shares of the company's stock after purchasing an additional 257,846 shares during the period. Emerald Advisers LLC owned about 0.25% of Latham Group worth $1,889,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SWIM. Summit Securities Group LLC purchased a new stake in Latham Group in the 4th quarter worth about $33,000. BNP Paribas Financial Markets purchased a new stake in Latham Group in the 4th quarter worth about $42,000. GAMMA Investing LLC increased its holdings in Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock worth $45,000 after acquiring an additional 6,696 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Latham Group in the 4th quarter worth about $79,000. Finally, US Bancorp DE grew its holdings in Latham Group by 29,902.6% during the 4th quarter. US Bancorp DE now owns 11,701 shares of the company's stock valued at $81,000 after buying an additional 11,662 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Activity at Latham Group

In other news, Director James E. Cline sold 45,583 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $5.95, for a total transaction of $271,218.85. Following the completion of the transaction, the director owned 193,668 shares of the company's stock, valued at approximately $1,152,324.60. The trade was a 19.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company's stock.

Latham Group Price Performance

Shares of NASDAQ SWIM traded down $0.13 during midday trading on Tuesday, hitting $6.43. 53,854 shares of the company's stock were exchanged, compared to its average volume of 619,164. Latham Group, Inc. has a 12-month low of $2.89 and a 12-month high of $8.41. The company has a current ratio of 2.55, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The company has a market cap of $747.66 million, a price-to-earnings ratio of -45.82 and a beta of 1.72. The business's fifty day moving average price is $6.17 and its two-hundred day moving average price is $6.29.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their target price on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.56.

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.