Wc Partners Executive Iv, L.P. Sells 105,250 Shares of Latham Group, Inc. (NASDAQ:SWIM) Stock

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the transaction, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Latham Group Stock Performance

Shares of NASDAQ SWIM traded down $0.06 during midday trading on Friday, hitting $6.22. The company's stock had a trading volume of 773,556 shares, compared to its average volume of 537,807. The firm has a market capitalization of $720.13 million, a price-to-earnings ratio of 69.12 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $6.75 and a 200 day moving average price of $6.65. Latham Group, Inc. has a one year low of $2.38 and a one year high of $8.41.

Analyst Ratings Changes

A number of brokerages have commented on SWIM. Stifel Nicolaus boosted their price objective on Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research report on Wednesday, March 5th. Finally, Craig Hallum initiated coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a "buy" rating and a $10.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.66.

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Institutional Investors Weigh In On Latham Group

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new stake in shares of Latham Group during the 3rd quarter valued at $697,000. Empowered Funds LLC increased its position in shares of Latham Group by 22.8% during the third quarter. Empowered Funds LLC now owns 358,927 shares of the company's stock valued at $2,441,000 after buying an additional 66,647 shares during the period. Natixis Advisors LLC purchased a new stake in shares of Latham Group in the third quarter worth about $350,000. Thrivent Financial for Lutherans bought a new position in shares of Latham Group in the third quarter valued at approximately $635,000. Finally, Intech Investment Management LLC purchased a new position in Latham Group during the third quarter valued at approximately $92,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Latham Group Company 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.