Lesa Sroufe & Co Makes New Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Lesa Sroufe & Co acquired a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 78,868 shares of the company's stock, valued at approximately $735,000. Lesa Sroufe & Co owned 0.18% of Smith & Wesson Brands at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC increased its position in shares of Smith & Wesson Brands by 145.0% in the first quarter. Byrne Asset Management LLC now owns 5,391 shares of the company's stock worth $50,000 after purchasing an additional 3,191 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Smith & Wesson Brands in the fourth quarter worth $686,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Smith & Wesson Brands by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 102,441 shares of the company's stock worth $1,035,000 after purchasing an additional 26,086 shares during the period. Vident Advisory LLC increased its position in shares of Smith & Wesson Brands by 59.6% in the fourth quarter. Vident Advisory LLC now owns 50,924 shares of the company's stock worth $515,000 after purchasing an additional 19,017 shares during the period. Finally, Spurstone Advisory Services LLC bought a new position in shares of Smith & Wesson Brands in the fourth quarter worth $47,000. Institutional investors own 59.33% of the company's stock.

Wall Street Analyst Weigh In

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

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI opened at $10.69 on Tuesday. The stock's 50-day simple moving average is $9.57 and its 200 day simple moving average is $10.10. The firm has a market capitalization of $470.39 million, a PE ratio of 13.71 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands, Inc. has a twelve month low of $8.38 and a twelve month high of $16.85.

Smith & Wesson Brands 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.

Want to see what other hedge funds are holding SWBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.