Jane Street Group LLC Buys 28,909 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Jane Street Group LLC lifted its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,365 shares of the company's stock after purchasing an additional 28,909 shares during the period. Jane Street Group LLC owned about 0.26% of Smith & Wesson Brands worth $1,156,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Peapack Gladstone Financial Corp lifted its holdings in shares of Smith & Wesson Brands by 8.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock worth $126,000 after purchasing an additional 1,018 shares during the last quarter. MetLife Investment Management LLC boosted its position in Smith & Wesson Brands by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 27,408 shares of the company's stock valued at $277,000 after purchasing an additional 1,315 shares during the period. LPL Financial LLC boosted its position in Smith & Wesson Brands by 3.1% during the 4th quarter. LPL Financial LLC now owns 49,661 shares of the company's stock valued at $502,000 after purchasing an additional 1,482 shares during the period. Headlands Technologies LLC boosted its position in Smith & Wesson Brands by 45.5% during the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock valued at $60,000 after purchasing an additional 1,867 shares during the period. Finally, SG Americas Securities LLC boosted its position in Smith & Wesson Brands by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company's stock valued at $180,000 after purchasing an additional 1,872 shares during the period. Institutional investors own 59.33% of the company's stock.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI traded up $0.19 during midday trading on Tuesday, reaching $9.59. 350,631 shares of the company traded hands, compared to its average volume of 493,591. Smith & Wesson Brands, Inc. has a twelve month low of $8.38 and a twelve month high of $16.89. The firm has a market capitalization of $421.99 million, a price-to-earnings ratio of 12.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. The company has a fifty day moving average price of $9.35 and a 200 day moving average price of $10.45.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The firm had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. On average, analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.42%. Smith & Wesson Brands's dividend payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital reduced their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a research report on Friday, March 7th.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.