Latham Group (NASDAQ:SWIM) Director Acquires $41,200.00 in Stock

Key Points

• Frank Dellaquila, a director at Latham Group, purchased 5,000 shares of the company's stock for a total of $41,200, increasing his ownership by 29.74%.
• Latham Group's stock is currently valued at $8.22, with a market capitalization of approximately $958.08 million and a 1-year price range between $4.56 and $8.46.
• Institutional investors have significantly increased their holdings in Latham Group, with 83.95% of the stock now owned by hedge funds and other institutional investors.

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) Director Frank J. Dellaquila acquired 5,000 shares of the stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $8.24 per share, with a total value of $41,200.00. Following the purchase, the director directly owned 21,814 shares of the company's stock, valued at $179,747.36. The trade was a 29.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Latham Group Stock Down 0.5%

NASDAQ:SWIM traded down $0.04 during trading hours on Friday, reaching $8.03. 467,063 shares of the company traded hands, compared to its average volume of 740,315. The business's 50-day moving average price is $7.06 and its two-hundred day moving average price is $6.40. The stock has a market capitalization of $935.83 million, a P/E ratio of -66.91 and a beta of 1.72. Latham Group, Inc. has a 1 year low of $4.56 and a 1 year high of $8.46. The company has a current ratio of 2.39, a quick ratio of 1.51 and a debt-to-equity ratio of 0.70.

Institutional Trading of Latham Group

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Latham Group by 83.9% during the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company's stock valued at $27,000 after purchasing an additional 1,921 shares during the period. Raymond James Financial Inc. bought a new stake in Latham Group during the second quarter valued at about $29,000. GAMMA Investing LLC grew its holdings in Latham Group by 2,565.5% during 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. Los Angeles Capital Management LLC bought a new stake in Latham Group during the second quarter valued at about $66,000. Finally, Tower Research Capital LLC TRC grew its holdings in Latham Group by 501.3% during the second quarter. Tower Research Capital LLC TRC now owns 10,835 shares of the company's stock valued at $69,000 after purchasing an additional 9,033 shares during the period. Hedge funds and other institutional investors own 83.95% of the company's stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price target on Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Latham Group has a consensus rating of "Moderate Buy" and a consensus target price of $7.95.

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.