GSA Capital Partners LLP Raises Stock Holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Key Points

• GSA Capital Partners LLP increased its stake in Sportsman's Warehouse Holdings by 153.2%, owning 2.49% of the company, valued at approximately $947,000 after purchasing 576,098 additional shares.
• Sportsman's Warehouse reported a quarterly EPS of ($0.41), surpassing analyst expectations of ($0.48), with revenues reaching $249.10 million compared to projections of $238.25 million.
• Wall Street analysts generally have a positive outlook on Sportsman's Warehouse, with several firms upgrading their price targets, including B. Riley raising it to $4.00 and Roth Capital to $4.25.

GSA Capital Partners LLP boosted its holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 153.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 952,178 shares of the company's stock after acquiring an additional 576,098 shares during the quarter. GSA Capital Partners LLP owned 2.49% of Sportsman's Warehouse worth $947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Skylands Capital LLC lifted its position in Sportsman's Warehouse by 43.6% in the 1st quarter. Skylands Capital LLC now owns 384,000 shares of the company's stock valued at $382,000 after acquiring an additional 116,550 shares in the last quarter. Union Square Park Capital Management LLC lifted its holdings in shares of Sportsman's Warehouse by 15.0% during the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock valued at $4,489,000 after buying an additional 219,210 shares during the period. Soviero Asset Management LP bought a new position in shares of Sportsman's Warehouse during the 4th quarter valued at $668,000. Squarepoint Ops LLC lifted its holdings in shares of Sportsman's Warehouse by 225.0% during the 4th quarter. Squarepoint Ops LLC now owns 165,178 shares of the company's stock valued at $441,000 after buying an additional 114,353 shares during the period. Finally, Two Sigma Advisers LP bought a new position in shares of Sportsman's Warehouse during the 4th quarter valued at $501,000. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Roth Capital increased their price target on Sportsman's Warehouse from $3.00 to $4.25 and gave the company a "buy" rating in a report on Wednesday, July 16th. B. Riley reissued a "buy" rating and set a $4.00 price target (up from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $3.21.

Insider Buying and Selling

In other Sportsman's Warehouse news, Director Richard D. Mcbee acquired 75,000 shares of Sportsman's Warehouse stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $2.68 per share, with a total value of $201,000.00. Following the completion of the purchase, the director directly owned 339,886 shares of the company's stock, valued at approximately $910,894.48. This represents a 28.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Sportsman's Warehouse Trading Up 0.5%

SPWH traded up $0.02 on Monday, hitting $3.29. The company had a trading volume of 55,283 shares, compared to its average volume of 1,451,151. The company has a market cap of $125.88 million, a PE ratio of -3.42 and a beta of 0.63. Sportsman's Warehouse Holdings, Inc. has a 12-month low of $0.92 and a 12-month high of $4.33. The company has a quick ratio of 0.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.11. The business's fifty day simple moving average is $3.27 and its 200 day simple moving average is $2.20.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.07. Sportsman's Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.01%. The business had revenue of $249.10 million during the quarter, compared to analyst estimates of $238.25 million. During the same quarter in the previous year, the business earned ($0.47) earnings per share. Equities research analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.