Latham Group, Inc. (NASDAQ:SWIM) Stake Increased by Voss Capital LLC

Voss Capital LLC grew its holdings in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 52.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,922,639 shares of the company's stock after purchasing an additional 658,280 shares during the period. Voss Capital LLC owned approximately 1.68% of Latham Group worth $5,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWIM. Bank of New York Mellon Corp raised its holdings in shares of Latham Group by 33.8% during the first quarter. Bank of New York Mellon Corp now owns 132,582 shares of the company's stock worth $1,755,000 after acquiring an additional 33,518 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Latham Group during the first quarter worth $373,000. PNC Financial Services Group Inc. purchased a new stake in shares of Latham Group during the first quarter worth $178,000. MetLife Investment Management LLC raised its holdings in shares of Latham Group by 104.8% during the first quarter. MetLife Investment Management LLC now owns 25,195 shares of the company's stock worth $334,000 after acquiring an additional 12,891 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Latham Group by 35.9% during the first quarter. Rhumbline Advisers now owns 37,768 shares of the company's stock worth $500,000 after acquiring an additional 9,987 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SWIM shares. Stifel Nicolaus upgraded Latham Group from a "hold" rating to a "buy" rating and raised their target price for the company from $3.00 to $4.00 in a report on Monday, March 18th. Bank of America lowered Latham Group from a "buy" rating to an "underperform" rating and cut their target price for the company from $4.50 to $2.60 in a report on Wednesday, March 13th.

Latham Group Stock Down 2.0 %

Shares of NASDAQ:SWIM traded down $0.07 during midday trading on Monday, hitting $3.37. The company's stock had a trading volume of 169,374 shares, compared to its average volume of 269,087. The stock's 50 day simple moving average is $3.19 and its 200 day simple moving average is $2.73. Latham Group, Inc. has a fifty-two week low of $2.04 and a fifty-two week high of $4.77. The company has a current ratio of 2.77, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

Latham Group (NASDAQ:SWIM - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.08. The company had revenue of $90.90 million for the quarter, compared to the consensus estimate of $86.95 million. Latham Group had a negative return on equity of 0.62% and a negative net margin of 0.42%. The firm's revenue was down 15.8% compared to the same quarter last year. During the same period last year, the business posted ($0.17) earnings per share. As a group, equities analysts forecast that Latham Group, Inc. will post -0.24 earnings per share for the current year.

Insider Activity

In other news, CFO Oliver C. Gloe bought 27,500 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $2.92 per share, with a total value of $80,300.00. Following the completion of the transaction, the chief financial officer now directly owns 292,922 shares in the company, valued at $855,332.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Oliver C. Gloe bought 27,500 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $2.92 per share, with a total value of $80,300.00. Following the completion of the transaction, the chief financial officer now directly owns 292,922 shares in the company, valued at $855,332.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Patrick M. Sheller sold 10,431 shares of Latham Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $3.05, for a total value of $31,814.55. Following the sale, the general counsel now directly owns 139,164 shares in the company, valued at $424,450.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,383 shares of company stock valued at $165,868. 7.60% of the stock is owned by insiders.

About Latham Group

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.

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