AMH Equity Ltd Makes New $2.71 Million Investment in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

AMH Equity Ltd acquired a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the company's stock, valued at approximately $2,712,000. Smith & Wesson Brands accounts for approximately 2.4% of AMH Equity Ltd's investment portfolio, making the stock its 12th biggest holding. AMH Equity Ltd owned about 0.44% of Smith & Wesson Brands at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SWBI. International Assets Investment Management LLC raised its position in Smith & Wesson Brands by 1,255.8% in the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company's stock worth $41,000 after acquiring an additional 2,813 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Smith & Wesson Brands in the third quarter worth about $130,000. EMC Capital Management raised its position in Smith & Wesson Brands by 237.1% in the third quarter. EMC Capital Management now owns 10,606 shares of the company's stock worth $137,000 after acquiring an additional 7,460 shares in the last quarter. Rafferty Asset Management LLC raised its position in Smith & Wesson Brands by 6.9% in the third quarter. Rafferty Asset Management LLC now owns 14,787 shares of the company's stock worth $191,000 after acquiring an additional 960 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Smith & Wesson Brands during the 3rd quarter worth about $193,000. Institutional investors and hedge funds own 59.33% of the company's stock.

Analysts Set New Price Targets

Separately, Craig Hallum upgraded Smith & Wesson Brands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $14.00 to $18.00 in a report on Friday, March 8th.

Insider Activity

In other news, Director Robert L. Scott sold 2,000 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $13.46, for a total value of $26,920.00. Following the transaction, the director now owns 73,569 shares in the company, valued at approximately $990,238.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert L. Scott sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $13.46, for a total value of $26,920.00. Following the completion of the sale, the director now owns 73,569 shares of the company's stock, valued at approximately $990,238.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Deana L. Mcpherson sold 13,068 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $17.49, for a total value of $228,559.32. Following the completion of the sale, the insider now directly owns 76,370 shares of the company's stock, valued at approximately $1,335,711.30. The disclosure for this sale can be found here. Insiders have sold 17,068 shares of company stock worth $291,279 in the last 90 days. Company insiders own 0.99% of the company's stock.

Smith & Wesson Brands Trading Up 1.7 %

NASDAQ SWBI traded up $0.28 on Friday, hitting $17.17. 172,023 shares of the company were exchanged, compared to its average volume of 250,059. The company's 50 day moving average price is $16.24 and its 200-day moving average price is $14.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.21 and a quick ratio of 1.42. The firm has a market capitalization of $791.54 million, a P/E ratio of 30.12 and a beta of 1.17. Smith & Wesson Brands, Inc. has a twelve month low of $10.38 and a twelve month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. The company had revenue of $137.48 million for the quarter, compared to the consensus estimate of $133.56 million. Smith & Wesson Brands had a return on equity of 9.44% and a net margin of 5.05%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Analysts predict that Smith & Wesson Brands, Inc. will post 0.8 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. Smith & Wesson Brands's dividend payout ratio is 84.21%.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.