Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.50 and last traded at $8.27, with a volume of 1860 shares. The stock had previously closed at $8.24.
Latham Group Stock Performance
The company has a quick ratio of 1.51, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $7.33 and a 200-day moving average price of $6.49. The firm has a market capitalization of $916.00 million, a price-to-earnings ratio of -65.49 and a beta of 1.74.
Insiders Place Their Bets
In other news, Director Frank J. Dellaquila bought 5,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the completion of the transaction, the director directly owned 21,814 shares of the company's stock, valued at approximately $179,747.36. This trade represents a 29.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Latham Group
Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in shares of Latham Group by 83.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company's stock worth $27,000 after acquiring an additional 1,921 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Latham Group during the 2nd quarter worth $29,000. GAMMA Investing LLC boosted its stake in shares of Latham Group by 2,565.5% during the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock worth $45,000 after acquiring an additional 6,696 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Latham Group during the 2nd quarter worth $66,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Latham Group by 501.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,835 shares of the company's stock worth $69,000 after acquiring an additional 9,033 shares in the last quarter. 83.95% of the stock is owned by institutional investors.
About Latham Group
(
Get Free Report)
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.
Further Reading
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