Charles Schwab Investment Management Inc. Has $9 Million Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Charles Schwab Investment Management Inc. lessened its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 693,651 shares of the company's stock after selling 153,667 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.55% of Smith & Wesson Brands worth $9,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWBI. Intech Investment Management LLC bought a new position in Smith & Wesson Brands during the third quarter worth about $163,000. Aviance Capital Partners LLC boosted its stake in Smith & Wesson Brands by 18.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 88,408 shares of the company's stock worth $1,148,000 after acquiring an additional 13,830 shares during the last quarter. Empowered Funds LLC boosted its stake in Smith & Wesson Brands by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 73,923 shares of the company's stock worth $960,000 after acquiring an additional 3,752 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Smith & Wesson Brands by 380.9% during the 3rd quarter. GSA Capital Partners LLP now owns 62,197 shares of the company's stock worth $807,000 after acquiring an additional 49,264 shares during the last quarter. Finally, Verity Asset Management Inc. bought a new position in shares of Smith & Wesson Brands during the third quarter worth $183,000. 59.33% of the stock is owned by institutional investors.

Smith & Wesson Brands Stock Down 0.3 %

Shares of Smith & Wesson Brands stock traded down $0.03 on Wednesday, reaching $11.10. 1,300,249 shares of the company were exchanged, compared to its average volume of 439,994. 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 of $13.13 and a 200 day moving average of $14.22. Smith & Wesson Brands, Inc. has a one year low of $10.43 and a one year high of $18.05. The company has a market capitalization of $497.63 million, a price-to-earnings ratio of 14.26 and a beta of 0.96.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $129.70 million for the quarter, compared to analyst estimates of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. On average, equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.73 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.52 annualized dividend and a yield of 4.69%. Smith & Wesson Brands's payout ratio is currently 66.67%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SWBI shares. Craig Hallum cut Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $13.00 in a report on Friday, December 6th. Lake Street Capital lowered shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $13.00 in a research note on Friday, December 6th.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.