GSA Capital Partners LLP Grows Stock Holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

GSA Capital Partners LLP grew its stake in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 665.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 544,373 shares of the company's stock after acquiring an additional 473,212 shares during the period. GSA Capital Partners LLP owned about 1.44% of Sportsman's Warehouse worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SPWH. Ground Swell Capital LLC acquired a new position in shares of Sportsman's Warehouse during the third quarter worth $28,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Sportsman's Warehouse during the first quarter worth $38,000. Point72 DIFC Ltd acquired a new position in shares of Sportsman's Warehouse in the 2nd quarter valued at $40,000. Abacus Planning Group Inc. acquired a new position in shares of Sportsman's Warehouse in the 3rd quarter valued at $55,000. Finally, Virtu Financial LLC acquired a new position in shares of Sportsman's Warehouse in the 1st quarter valued at $85,000. Institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Price Performance

Sportsman's Warehouse stock traded down $0.02 during midday trading on Thursday, reaching $2.18. The company had a trading volume of 92,559 shares, compared to its average volume of 439,314. The company has a market capitalization of $82.51 million, a P/E ratio of -2.42 and a beta of 0.66. Sportsman's Warehouse Holdings, Inc. has a 12-month low of $1.81 and a 12-month high of $5.41. The firm's fifty day simple moving average is $2.71 and its 200-day simple moving average is $2.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The company had revenue of $288.73 million during the quarter, compared to analysts' expectations of $284.00 million. Sportsman's Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. As a group, equities analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling at Sportsman's Warehouse

In other news, CEO Paul Stone purchased 39,920 shares of the business's stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now directly owns 904,157 shares of the company's stock, valued at approximately $2,296,558.78. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sportsman's Warehouse news, Director Richard D. Mcbee purchased 20,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, with a total value of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company's stock, valued at approximately $524,300.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul Stone purchased 39,920 shares of the firm's stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPWH shares. Lake Street Capital lowered their price target on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating on the stock in a report on Wednesday, September 4th. Craig Hallum lowered their price target on shares of Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Roth Mkm lowered their price target on shares of Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, September 10th. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered their target price on shares of Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.80.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.