Marshall Wace LLP Has $1.21 Million Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Marshall Wace LLP lessened its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 63.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 reporting period.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Smith & Wesson Brands during the fourth quarter worth $568,000. Counterpoint Mutual Funds LLC bought a new position in Smith & Wesson Brands during the fourth quarter worth $331,000. Franklin Resources Inc. raised its stake in Smith & Wesson Brands by 5.8% during the third quarter. Franklin Resources Inc. now owns 29,249 shares of the company's stock worth $378,000 after buying an additional 1,598 shares during the last quarter. Barclays PLC raised its stake in Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company's stock worth $1,046,000 after buying an additional 56,800 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Smith & Wesson Brands by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company's stock worth $13,865,000 after buying an additional 7,260 shares during the last quarter. Institutional investors own 59.33% of the company's stock.

Analyst Upgrades and Downgrades

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

Smith & Wesson Brands Trading Up 1.3 %

SWBI opened at $9.60 on Wednesday. Smith & Wesson Brands, Inc. has a 1-year low of $8.38 and a 1-year high of $17.28. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a market cap of $422.43 million, a P/E ratio of 12.31 and a beta of 1.09. The company has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $10.97.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The firm had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. Analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

Smith & Wesson Brands Company 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.

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