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

Other hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in shares of Sportsman's Warehouse during the fourth quarter valued at $33,000. Mink Brook Asset Management LLC bought a new position in Sportsman's Warehouse during the 4th quarter valued at about $41,000. Greenwood Gearhart Inc. purchased a new stake in shares of Sportsman's Warehouse during the 4th quarter valued at about $85,000. U S Wealth Group LLC. bought a new stake in shares of Sportsman's Warehouse in the fourth quarter worth approximately $138,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Sportsman's Warehouse in the fourth quarter worth approximately $155,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee purchased 75,000 shares of Sportsman's Warehouse stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $2.68 per share, for a total transaction of $201,000.00. Following the completion of the transaction, the director directly owned 339,886 shares in the company, valued at $910,894.48. This represents a 28.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Sportsman's Warehouse Stock Performance

Shares of SPWH traded down $0.10 on Friday, reaching $3.27. The company's stock had a trading volume of 187,956 shares, compared to its average volume of 375,412. The stock's 50 day simple moving average is $3.27 and its two-hundred day simple moving average is $2.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.17 and a quick ratio of 0.08. The stock has a market capitalization of $125.31 million, a P/E ratio of -3.41 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.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.07. Sportsman's Warehouse had a negative net margin of 3.01% and a negative return on equity of 7.65%. The business had revenue of $249.10 million for the quarter, compared to analysts' expectations of $238.25 million. During the same quarter last year, the company posted ($0.47) EPS. Research analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SPWH. Roth Capital increased their price objective on shares of Sportsman's Warehouse from $3.00 to $4.25 and gave the company a "buy" rating in a research report on Wednesday, July 16th. B. Riley reiterated a "buy" rating and set a $4.00 target price (up from $3.00) on shares of Sportsman's Warehouse in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.21.

Sportsman's Warehouse 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.