2,501,168 Shares in Latham Group, Inc. (NASDAQ:SWIM) Acquired by Wasatch Advisors LP

Wasatch Advisors LP bought a new stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,501,168 shares of the company's stock, valued at approximately $17,408,000. Wasatch Advisors LP owned about 2.16% of Latham Group as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SWIM. LPL Financial LLC boosted its holdings in Latham Group by 12.0% during the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company's stock worth $111,000 after acquiring an additional 1,713 shares during the last quarter. Olympiad Research LP increased its stake in Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company's stock valued at $177,000 after buying an additional 1,889 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Latham Group by 4.8% during the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company's stock worth $449,000 after buying an additional 2,942 shares in the last quarter. FMR LLC boosted its stake in shares of Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company's stock worth $49,000 after buying an additional 3,123 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Latham Group by 20.3% in the fourth quarter. SG Americas Securities LLC now owns 18,573 shares of the company's stock valued at $129,000 after acquiring an additional 3,133 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

Insider Activity at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now directly owns 332,818 shares of the company's stock, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Latham Group Stock Performance

NASDAQ:SWIM traded up $0.23 during trading hours on Tuesday, reaching $4.95. The stock had a trading volume of 100,617 shares, compared to its average volume of 586,642. Latham Group, Inc. has a 12-month low of $2.38 and a 12-month high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The stock has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $6.55. The stock has a market cap of $572.52 million, a P/E ratio of 55.06 and a beta of 1.70.

Wall Street Analyst Weigh In

Separately, Robert W. Baird set a $8.50 price objective on Latham Group in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.66.

Latham Group Profile

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.