Latham Group (NASDAQ:SWIM) Hits New 1-Year High - Time to Buy?

Key Points

• Latham Group shares reached a new 52-week high at $8.50 during trading, closing at $8.27 with a market cap of approximately $952.13 million.
• Director Frank J. Dellaquila increased his stake in the company by purchasing 5,000 shares at an average price of $8.24, representing a 29.74% increase in his holdings.
• Institutional investors hold a significant stake in Latham Group, owning 83.95% of shares, with several institutions, including Bank of America, increasing their positions in the last quarter.

Shares of Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $8.50 and last traded at $8.27, with a volume of 1860 shares changing hands. The stock had previously closed at $8.24.

Latham Group Price Performance

The stock has a 50 day moving average of $7.30 and a two-hundred day moving average of $6.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.51 and a current ratio of 2.39. The firm has a market capitalization of $911.34 million, a P/E ratio of -65.16 and a beta of 1.74.

Insider Buying and Selling at Latham Group

In related news, Director Frank J. Dellaquila acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $8.24 per share, with a total value of $41,200.00. Following the purchase, the director owned 21,814 shares of the company's stock, valued at approximately $179,747.36. The trade was a 29.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in Latham Group by 68.8% in the 4th quarter. Bank of America Corp DE now owns 262,547 shares of the company's stock valued at $1,827,000 after buying an additional 107,012 shares during the last quarter. GAMMA Investing LLC grew its holdings in Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock valued at $45,000 after buying an additional 6,696 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company's stock valued at $110,000 after buying an additional 5,820 shares during the last quarter. IFP Advisors Inc grew its holdings in Latham Group by 2,471,716.7% in the 1st quarter. IFP Advisors Inc now owns 148,309 shares of the company's stock valued at $954,000 after buying an additional 148,303 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Latham Group in the 4th quarter valued at approximately $117,000. 83.95% of the stock is owned by institutional investors.

Latham Group Company 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.