32,719 Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 32,719 shares of the company's stock, valued at approximately $331,000. Counterpoint Mutual Funds LLC owned approximately 0.07% of Smith & Wesson Brands as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Smith & Wesson Brands in the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp lifted its position in Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after buying an additional 3,476 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Smith & Wesson Brands during the 4th quarter valued at $81,000. Sanctuary Advisors LLC bought a new stake in shares of Smith & Wesson Brands during the 4th quarter valued at $114,000. Finally, Larson Financial Group LLC grew its position in shares of Smith & Wesson Brands by 19.5% in the 4th quarter. Larson Financial Group LLC now owns 12,161 shares of the company's stock worth $123,000 after buying an additional 1,983 shares during the period. Hedge funds and other institutional investors own 59.33% of the company's stock.

Smith & Wesson Brands Stock Down 0.1 %

Shares of NASDAQ SWBI traded down $0.01 during midday trading on Friday, hitting $9.51. The stock had a trading volume of 726,544 shares, compared to its average volume of 457,525. The business's 50 day moving average is $10.46 and its 200-day moving average is $11.78. Smith & Wesson Brands, Inc. has a 52 week low of $9.17 and a 52 week high of $18.05. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a market cap of $418.47 million, a P/E ratio of 12.19 and a beta of 1.09.

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Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate 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 return on equity of 8.78% and a net margin of 7.00%. As a group, analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.52 annualized dividend and a yield of 5.47%. Smith & Wesson Brands's payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SWBI shares. Lake Street Capital dropped 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. Craig Hallum downgraded Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their price target for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.

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.