Marshall Wace LLP Cuts Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Marshall Wace LLP lowered its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 63.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 119,623 shares of the company's stock after selling 206,881 shares during the period. Marshall Wace LLP owned 0.27% of Smith & Wesson Brands worth $1,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Smith & Wesson Brands by 5.9% during the fourth quarter. Barclays PLC now owns 85,160 shares of the company's stock worth $861,000 after acquiring an additional 4,711 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Smith & Wesson Brands in the 4th quarter worth approximately $568,000. Invesco Ltd. boosted its holdings in shares of Smith & Wesson Brands by 9.0% during the 4th quarter. Invesco Ltd. now owns 131,776 shares of the company's stock worth $1,332,000 after purchasing an additional 10,887 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Smith & Wesson Brands by 8.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock valued at $126,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Smith & Wesson Brands by 21.8% in the fourth quarter. Wells Fargo & Company MN now owns 43,535 shares of the company's stock valued at $440,000 after purchasing an additional 7,795 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company's stock.

Wall Street Analyst Weigh In

Separately, Lake Street Capital dropped their target price on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a report on Friday, March 7th.

Smith & Wesson Brands Trading Down 0.1 %

NASDAQ:SWBI traded down $0.01 on Monday, hitting $9.41. The stock had a trading volume of 35,775 shares, compared to its average volume of 487,860. The company has a fifty day moving average price of $9.58 and a two-hundred day moving average price of $10.88. Smith & Wesson Brands, Inc. has a 1-year low of $8.38 and a 1-year high of $17.25. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The stock has a market cap of $413.85 million, a price-to-earnings ratio of 12.04 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. Equities research analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 5.53%. Smith & Wesson Brands's payout ratio is currently 80.00%.

Smith & Wesson Brands 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.