Kennedy Capital Management LLC Invests $1.30 Million in Latham Group, Inc. (NASDAQ:SWIM)

Kennedy Capital Management LLC bought a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 186,145 shares of the company's stock, valued at approximately $1,296,000. Kennedy Capital Management LLC owned 0.16% of Latham Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wynnchurch Capital Partners IV L.P. bought a new stake in Latham Group during the 4th quarter worth about $104,287,000. Principal Financial Group Inc. acquired a new position in Latham Group in the third quarter valued at approximately $697,000. Barclays PLC boosted its stake in Latham Group by 294.8% in the third quarter. Barclays PLC now owns 54,720 shares of the company's stock valued at $372,000 after acquiring an additional 40,860 shares during the last quarter. ABS Direct Equity Fund LLC grew its holdings in Latham Group by 33.3% during the 4th quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company's stock worth $1,392,000 after acquiring an additional 50,000 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Latham Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company's stock valued at $6,609,000 after acquiring an additional 20,209 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Latham Group Trading Up 1.7 %

Shares of SWIM stock traded up $0.08 on Friday, hitting $4.91. The stock had a trading volume of 498,969 shares, compared to its average volume of 584,691. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The company has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $6.57. The firm has a market cap of $568.47 million, a P/E ratio of 54.56 and a beta of 1.70.

Insiders Place Their Bets

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.54, for a total transaction of $688,335.00. Following the sale, the insider now directly owns 332,818 shares in the company, valued at approximately $2,176,629.72. This trade represents a 24.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird set a $8.50 price objective on Latham Group in a research note on Wednesday, March 5th. One 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's stock. According to MarketBeat.com, Latham Group has a consensus 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.