Punch Card Management L.P. Lowers Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Punch Card Management L.P. lowered its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 648,956 shares of the company's stock after selling 191,082 shares during the period. Smith & Wesson Brands makes up about 2.1% of Punch Card Management L.P.'s holdings, making the stock its 4th biggest position. Punch Card Management L.P. owned about 1.47% of Smith & Wesson Brands worth $6,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in Smith & Wesson Brands during the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp increased its holdings in Smith & Wesson Brands by 238.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock worth $50,000 after acquiring an additional 3,476 shares during the period. Caption Management LLC bought a new stake in Smith & Wesson Brands during the 4th quarter worth approximately $51,000. Headlands Technologies LLC increased its holdings in Smith & Wesson Brands by 45.5% during the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after acquiring an additional 1,867 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in Smith & Wesson Brands during the 4th quarter worth approximately $81,000. Institutional investors own 59.33% of the company's stock.

Wall Street Analyst Weigh In

Separately, Lake Street Capital cut 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 0.5%

NASDAQ SWBI traded up $0.05 during trading on Friday, hitting $9.79. The company had a trading volume of 272,499 shares, compared to its average volume of 493,365. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands, Inc. has a one year low of $8.38 and a one year high of $16.89. The company has a market cap of $430.79 million, a price-to-earnings ratio of 12.55 and a beta of 1.09. The company's fifty day moving average is $9.39 and its 200-day moving average is $10.63.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting 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 business had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. On average, sell-side analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.13 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 5.31%. Smith & Wesson Brands's payout ratio is 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.