Voss Capital LP Increases Position in Latham Group, Inc. $SWIM

Key Points

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Voss Capital LP raised its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,676,715 shares of the company's stock after buying an additional 512,537 shares during the period. Latham Group comprises approximately 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 quarter.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Latham Group in the fourth quarter valued at approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of Latham Group by 2,565.5% in the first 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 purchased a new stake in shares of Latham Group in the fourth quarter valued at approximately $79,000. New York State Common Retirement Fund boosted its holdings in shares of Latham Group by 51.4% in the first quarter. New York State Common Retirement Fund now owns 17,148 shares of the company's stock valued at $110,000 after purchasing an additional 5,820 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Latham Group by 15.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company's stock valued at $111,000 after purchasing an additional 2,168 shares during the period. Hedge funds and other institutional investors own 83.95% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their target price on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, May 8th.

Latham Group Trading Up 1.3%

Shares of NASDAQ:SWIM opened at $7.70 on Tuesday. Latham Group, Inc. has a 12-month low of $4.56 and a 12-month high of $8.41. The business's fifty day simple moving average is $6.67 and its 200-day simple moving average is $6.32. The company has a market capitalization of $897.36 million, a PE ratio of -64.16 and a beta of 1.72. 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 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.

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