Jacobs Levy Equity Management Inc. Cuts Stake in Latham Group, Inc. $SWIM

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. decreased its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Latham Group by 68.8% during the fourth quarter. Bank of America Corp DE now owns 262,547 shares of the company's stock worth $1,827,000 after purchasing an additional 107,012 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Latham Group by 2,565.5% during the first quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock worth $45,000 after purchasing an additional 6,696 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Latham Group by 51.4% during the first quarter. New York State Common Retirement Fund now owns 17,148 shares of the company's stock worth $110,000 after purchasing an additional 5,820 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Latham Group by 2,471,716.7% during the first quarter. IFP Advisors Inc now owns 148,309 shares of the company's stock worth $954,000 after purchasing an additional 148,303 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Latham Group during the fourth quarter worth about $117,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Latham Group Price Performance

Shares of NASDAQ SWIM traded down $0.11 during midday trading on Friday, hitting $7.86. 481,479 shares of the company's stock were exchanged, compared to its average volume of 550,887. The company has a market cap of $916.00 million, a price-to-earnings ratio of -65.49 and a beta of 1.74. The business's fifty day moving average price is $7.33 and its two-hundred day moving average price is $6.49. The company has a current ratio of 2.39, a quick ratio of 1.51 and a debt-to-equity ratio of 0.70. Latham Group, Inc. has a 12-month low of $4.56 and a 12-month high of $8.46.

Insider Transactions at Latham Group

In other news, Director Frank J. Dellaquila bought 5,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $8.24 per share, with a total value of $41,200.00. Following the completion of the purchase, the director directly owned 21,814 shares in the company, valued at $179,747.36. This represents a 29.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 8.60% of the stock is currently owned by corporate 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.