XTX Topco Ltd Makes New $381,000 Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Key Points

• XTX Topco Ltd acquired 40,841 shares of Smith & Wesson Brands, valued at approximately $381,000, representing about 0.09% ownership as of the latest quarter.
• Smith & Wesson recently reported earnings per share of $0.20 for the last quarter, missing analysts' estimates of $0.23, with revenues down 11.6% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.13, translating to a 6.5% yield, though it has a high payout ratio of 192.59%.

XTX Topco Ltd purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,841 shares of the company's stock, valued at approximately $381,000. XTX Topco Ltd owned 0.09% of Smith & Wesson Brands as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. MetLife Investment Management LLC raised its holdings in shares of Smith & Wesson Brands by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 27,408 shares of the company's stock worth $277,000 after buying an additional 1,315 shares in the last quarter. LPL Financial LLC lifted its holdings in Smith & Wesson Brands by 3.1% during the fourth quarter. LPL Financial LLC now owns 49,661 shares of the company's stock worth $502,000 after acquiring an additional 1,482 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Smith & Wesson Brands by 2.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 69,397 shares of the company's stock worth $647,000 after acquiring an additional 1,497 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Smith & Wesson Brands by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,310 shares of the company's stock worth $175,000 after acquiring an additional 2,518 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Smith & Wesson Brands by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 90,609 shares of the company's stock worth $916,000 after acquiring an additional 2,893 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company's stock.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock traded up $0.10 on Tuesday, hitting $8.14. The stock had a trading volume of 606,817 shares, compared to its average volume of 619,138. Smith & Wesson Brands, Inc. has a twelve month low of $7.73 and a twelve month high of $15.35. The business's 50 day moving average is $8.87 and its two-hundred day moving average is $9.50. The company has a quick ratio of 1.31, a current ratio of 4.16 and a debt-to-equity ratio of 0.30. The stock has a market cap of $358.16 million, a price-to-earnings ratio of 30.15 and a beta of 0.91.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its earnings results on Wednesday, June 18th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Smith & Wesson Brands had a net margin of 2.60% and a return on equity of 3.71%. The firm had revenue of $140.76 million during the quarter, compared to analyst estimates of $152.41 million. During the same period in the previous year, the company posted $0.45 EPS. Smith & Wesson Brands's revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, July 7th. This represents a $0.52 annualized dividend and a yield of 6.4%. Smith & Wesson Brands's dividend payout ratio is presently 192.59%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Lake Street Capital reduced their target price on Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Monday, June 23rd. Wall Street Zen upgraded Smith & Wesson Brands from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.

Smith & Wesson Brands Company 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.