Public Employees Retirement System of Ohio Makes New $521,000 Investment in Latham Group, Inc. (NASDAQ:SWIM)

Public Employees Retirement System of Ohio acquired a new position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 74,891 shares of the company's stock, valued at approximately $521,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Latham Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pamplona Capital Management LLC bought a new position in shares of Latham Group during the 4th quarter valued at $360,846,000. Wynnchurch Capital Partners IV L.P. purchased a new stake in Latham Group during the fourth quarter valued at about $104,287,000. Wasatch Advisors LP bought a new position in shares of Latham Group during the fourth quarter valued at about $17,408,000. Driehaus Capital Management LLC purchased a new position in shares of Latham Group in the fourth quarter worth about $10,221,000. Finally, Voss Capital LP increased its holdings in shares of Latham Group by 29.1% in the fourth quarter. Voss Capital LP now owns 5,164,178 shares of the company's stock worth $35,943,000 after buying an additional 1,163,329 shares during the period. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the transaction, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. This represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Cline sold 4,417 shares of Latham Group stock in a transaction on Monday, May 12th. The shares were sold at an average price of $6.45, for a total transaction of $28,489.65. Following the completion of the sale, the director now owns 189,251 shares in the company, valued at approximately $1,220,668.95. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,250 shares of company stock valued at $988,044 over the last ninety days. 8.60% of the stock is owned by insiders.

Latham Group Trading Up 1.4%

Shares of SWIM stock traded up $0.08 during mid-day trading on Friday, reaching $5.87. The stock had a trading volume of 257,570 shares, compared to its average volume of 631,894. The firm has a market capitalization of $683.08 million, a PE ratio of 65.23 and a beta of 1.69. The stock's 50-day moving average price is $5.68 and its two-hundred day moving average price is $6.42. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 52-week low of $2.54 and a 52-week high of $8.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $8.50 target price on Latham Group in a report on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.56.

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.