Voss Capital LP Has $36.50 Million Position in Latham Group, Inc. $SWIM

Key Points

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Voss Capital LP grew its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,676,715 shares of the company's stock after buying an additional 512,537 shares during the quarter. Latham Group makes up about 2.8% of Voss Capital LP's investment portfolio, making the stock its 13th biggest position. Voss Capital LP owned 4.88% of Latham Group worth $36,501,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Latham Group during the fourth quarter worth about $42,000. GAMMA Investing LLC grew its stake in 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 buying an additional 6,696 shares during the last quarter. ProShare Advisors LLC bought a new stake in Latham Group during the fourth quarter worth about $79,000. New York State Common Retirement Fund grew its stake in 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 buying an additional 5,820 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Latham Group by 12.0% during the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company's stock worth $111,000 after buying an additional 1,713 shares during the last quarter. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their price objective on shares of Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.95.

Latham Group Price Performance

Shares of SWIM traded up $0.54 during mid-day trading on Friday, hitting $8.22. 893,945 shares of the company traded hands, compared to its average volume of 765,369. Latham Group, Inc. has a one year low of $4.56 and a one year high of $8.41. The company has a current ratio of 2.39, a quick ratio of 1.51 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average of $6.83 and a 200 day moving average of $6.34. The stock has a market capitalization of $957.96 million, a price-to-earnings ratio of -68.49 and a beta of 1.72.

About Latham Group

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.