Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,135,581 shares of the company's stock after selling 335,015 shares during the quarter. Victory Capital Management Inc. owned about 1.84% of Latham Group worth $13,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in Latham Group in the 4th quarter valued at $33,000. BNP Paribas Financial Markets bought a new position in Latham Group in the 4th quarter valued at $42,000. GAMMA Investing LLC grew its stake in Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock valued at $45,000 after purchasing an additional 6,696 shares during the period. ProShare Advisors LLC bought a new position in Latham Group in the 4th quarter valued at $79,000. Finally, EntryPoint Capital LLC bought a new position in Latham Group in the 4th quarter valued at $109,000. Institutional investors own 83.95% of the company's stock.

Insider Transactions at Latham Group

In other news, Director James E. Cline sold 45,583 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $5.95, for a total value of $271,218.85. Following the completion of the transaction, the director owned 193,668 shares in the company, valued at $1,152,324.60. The trade was a 19.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.60% of the company's stock.

Latham Group Trading Down 0.6%

Latham Group stock traded down $0.04 during trading hours on Friday, reaching $6.88. The company had a trading volume of 253,444 shares, compared to its average volume of 562,606. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.55 and a quick ratio of 1.50. The company has a 50-day moving average price of $6.25 and a 200 day moving average price of $6.29. The firm has a market cap of $800.63 million, a price-to-earnings ratio of -49.14 and a beta of 1.72. Latham Group, Inc. has a 12-month low of $3.08 and a 12-month high of $8.41.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their price objective on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Latham Group has an average rating of "Hold" and an average price target of $7.56.

Latham Group 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.