Jane Street Group LLC Sells 343,701 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Jane Street Group LLC trimmed its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 80.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 85,456 shares of the company's stock after selling 343,701 shares during the period. Jane Street Group LLC owned about 0.19% of Smith & Wesson Brands worth $1,109,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP boosted its holdings in shares of Smith & Wesson Brands by 2,773.0% in the 2nd quarter. Quarry LP now owns 2,126 shares of the company's stock worth $30,000 after buying an additional 2,052 shares during the last quarter. International Assets Investment Management LLC raised its position in Smith & Wesson Brands by 1,198.2% in the third quarter. International Assets Investment Management LLC now owns 2,908 shares of the company's stock worth $38,000 after acquiring an additional 2,684 shares during the period. NBC Securities Inc. boosted its stake in Smith & Wesson Brands by 823.8% in the third quarter. NBC Securities Inc. now owns 4,000 shares of the company's stock valued at $51,000 after acquiring an additional 3,567 shares during the last quarter. Copeland Capital Management LLC purchased a new position in Smith & Wesson Brands in the third quarter valued at about $52,000. Finally, Point72 DIFC Ltd bought a new position in shares of Smith & Wesson Brands during the 2nd quarter valued at approximately $59,000. Institutional investors own 59.33% of the company's stock.

Analyst Ratings Changes

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

Smith & Wesson Brands Price Performance

SWBI stock traded down $0.15 during mid-day trading on Monday, reaching $9.79. 606,208 shares of the company traded hands, compared to its average volume of 453,632. The company has a fifty day moving average price of $12.45 and a 200-day moving average price of $13.68. Smith & Wesson Brands, Inc. has a 52-week low of $9.68 and a 52-week high of $18.05. The company has a market capitalization of $430.79 million, a P/E ratio of 12.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The firm had revenue of $129.70 million for the quarter, compared to analysts' expectations of $133.53 million. During the same period in the prior year, the firm posted $0.14 EPS. Smith & Wesson Brands's revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, December 19th. Smith & Wesson Brands's payout ratio is 66.67%.

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.