Latham Group, Inc. $SWIM Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. sold 399,031 shares of Latham Group, reducing its position by 53.6% in Q1, leaving it with approximately $2.22 million worth of stock.
• Increased institutional investment was noted with Voss Capital LP and CenterBook Partners LP both raising their stakes by 9.9%, while various other institutions also enhanced their holdings during the same period.
• Director Frank J. Dellaquila of Latham Group increased his shareholding by 29.74% by purchasing 5,000 shares at an average price of $8.24, bringing his total ownership to approximately $179,747.

Jacobs Levy Equity Management Inc. trimmed its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 53.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,264 shares of the company's stock after selling 399,031 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.30% of Latham Group worth $2,220,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Latham Group in the 4th quarter worth $42,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 6,696 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Latham Group during the 4th quarter worth $79,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Latham Group by 15.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company's stock worth $111,000 after purchasing an additional 2,168 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Latham Group during the 4th quarter worth $117,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Latham Group

In related news, Director Frank J. Dellaquila acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 6.85% of the stock is owned by company insiders.

Latham Group Stock Down 1.5%

Shares of NASDAQ SWIM traded down $0.12 during mid-day trading on Tuesday, reaching $7.74. 523,642 shares of the company were exchanged, compared to its average volume of 541,524. The company has a quick ratio of 1.51, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. The stock has a market cap of $902.02 million, a price-to-earnings ratio of -64.49 and a beta of 1.74. Latham Group, Inc. has a 1 year low of $4.56 and a 1 year high of $8.46. The firm has a 50-day moving average of $7.38 and a 200 day moving average of $6.52.

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.