Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Sold by Punch Card Management L.P.

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its stake in shares of Smith & Wesson Brands by 240.2% in the 3rd quarter. Barclays PLC now owns 80,449 shares of the company's stock valued at $1,046,000 after buying an additional 56,800 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Smith & Wesson Brands by 9.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company's stock valued at $1,708,000 after purchasing an additional 11,006 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Smith & Wesson Brands by 95,180.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,056 shares of the company's stock valued at $195,000 after buying an additional 19,036 shares during the period. SG Americas Securities LLC lifted its stake in shares of Smith & Wesson Brands by 11.8% in the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company's stock valued at $180,000 after purchasing an additional 1,872 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Smith & Wesson Brands by 26.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,628 shares of the company's stock valued at $289,000 after acquiring an additional 5,914 shares during the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Smith & Wesson Brands Stock Down 0.3%

Shares of NASDAQ:SWBI traded down $0.03 during trading on Tuesday, hitting $9.73. 123,323 shares of the company's stock traded hands, compared to its average volume of 491,050. 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 50-day moving average price of $9.39 and a 200-day moving average price of $10.59. Smith & Wesson Brands, Inc. has a 52 week low of $8.38 and a 52 week high of $16.89. The company has a market cap of $427.93 million, a price-to-earnings ratio of 12.47 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $119.46 million. As a group, research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 5.35%. Smith & Wesson Brands's dividend 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.