XTX Topco Ltd Invests $381,000 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 bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,841 shares of the company's stock, valued at approximately $381,000. XTX Topco Ltd owned 0.09% of Smith & Wesson Brands at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Harvest LLC bought a new position in Smith & Wesson Brands during the first quarter worth $31,000. Spurstone Advisory Services LLC bought a new position in Smith & Wesson Brands during the 4th quarter worth $47,000. Caption Management LLC bought a new position in Smith & Wesson Brands during the 4th quarter worth $51,000. Byrne Asset Management LLC grew its stake in Smith & Wesson Brands by 145.0% during the 1st quarter. Byrne Asset Management LLC now owns 5,391 shares of the company's stock worth $50,000 after buying an additional 3,191 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Smith & Wesson Brands during the 4th quarter worth $91,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Performance

Smith & Wesson Brands stock traded up $0.14 during mid-day trading on Wednesday, hitting $8.28. 228,553 shares of the company's stock traded hands, compared to its average volume of 616,500. The firm has a 50 day moving average price of $8.84 and a 200 day moving average price of $9.49. 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 company has a market cap of $364.10 million, a PE ratio of 30.61 and a beta of 0.91. Smith & Wesson Brands, Inc. has a one year low of $7.73 and a one year high of $15.35.

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

Smith & Wesson Brands Dividend Announcement

The company also recently declared 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. This represents a $0.52 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, July 7th. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 192.59%.

Analysts Set New Price Targets

A number of brokerages recently commented on SWBI. Lake Street Capital lowered their price objective on Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. Wall Street Zen upgraded Smith & Wesson Brands from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

About Smith & Wesson Brands

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.