Renaissance Technologies LLC Sells 138,801 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Renaissance Technologies LLC lessened its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,735,574 shares of the company's stock after selling 138,801 shares during the period. Renaissance Technologies LLC owned 6.22% of Smith & Wesson Brands worth $27,643,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in Smith & Wesson Brands by 9.0% in the fourth quarter. Invesco Ltd. now owns 131,776 shares of the company's stock valued at $1,332,000 after buying an additional 10,887 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of Smith & Wesson Brands by 8.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock valued at $126,000 after purchasing an additional 1,018 shares during the period. Wells Fargo & Company MN boosted its position in shares of Smith & Wesson Brands by 21.8% in the 4th quarter. Wells Fargo & Company MN now owns 43,535 shares of the company's stock worth $440,000 after purchasing an additional 7,795 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Smith & Wesson Brands by 45.5% in the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after purchasing an additional 1,867 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Smith & Wesson Brands by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company's stock worth $1,460,000 after purchasing an additional 12,910 shares during the period. Institutional investors and hedge funds own 59.33% of the company's stock.

Smith & Wesson Brands Stock Up 1.4 %

NASDAQ:SWBI traded up $0.13 on Thursday, hitting $9.30. 123,814 shares of the company's stock were exchanged, compared to its average volume of 476,708. The firm has a 50-day moving average price of $9.91 and a 200-day moving average price of $11.19. Smith & Wesson Brands, Inc. has a 52 week low of $8.38 and a 52 week high of $17.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. The company has a market cap of $409.23 million, a P/E ratio of 11.91 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. As a group, analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company 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 yield of 5.59%. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

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

About Smith & Wesson Brands

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.