Goldman Sachs Group Inc. Sells 147,548 Shares of Latham Group, Inc. $SWIM

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Latham Group, Inc. by 44.2%, now owning 186,395 shares valued at approximately $1.2 million after selling 147,548 shares in the first quarter.
• Several other investors have recently increased their positions in Latham Group, with GAMMA Investing LLC increasing its stake by 2,565.5% in the same quarter.
• Latham Group's stock is currently trading at $7.68, 2% lower than previous sessions, with a 52-week range between $4.56 and $8.46.

Goldman Sachs Group Inc. cut its holdings in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 186,395 shares of the company's stock after selling 147,548 shares during the quarter. Goldman Sachs Group Inc. owned 0.16% of Latham Group worth $1,199,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in Latham Group by 27.1% in the first quarter. Jane Street Group LLC now owns 24,894 shares of the company's stock valued at $160,000 after buying an additional 5,315 shares during the period. Empowered Funds LLC lifted its stake in Latham Group by 7.4% in the first quarter. Empowered Funds LLC now owns 405,207 shares of the company's stock valued at $2,605,000 after buying an additional 27,916 shares during the period. Bridgeway Capital Management LLC lifted its stake in Latham Group by 3.6% in the first quarter. Bridgeway Capital Management LLC now owns 807,507 shares of the company's stock valued at $5,192,000 after buying an additional 27,916 shares during the period. Bosun Asset Management LLC lifted its stake in Latham Group by 1.3% in the first quarter. Bosun Asset Management LLC now owns 215,408 shares of the company's stock valued at $1,385,000 after buying an additional 2,795 shares during the period. Finally, AYAL Capital Advisors Ltd acquired a new position in Latham Group in the first quarter valued at approximately $3,652,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Trading Up 0.1%

SWIM traded up $0.01 during trading on Monday, hitting $7.69. The company's stock had a trading volume of 722,502 shares, compared to its average volume of 576,311. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.51. Latham Group, Inc. has a twelve month low of $4.56 and a twelve month high of $8.46. The stock's fifty day moving average price is $7.44 and its 200-day moving average price is $6.55.

Insider Buying and Selling at Latham Group

In other news, Director Frank J. Dellaquila bought 5,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of $8.24 per share, with a total value of $41,200.00. Following the completion of the transaction, the director directly owned 21,814 shares of the company's stock, valued at $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 the SEC website. 6.85% of the stock is owned by insiders.

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.