Voss Capital LP Acquires 1,163,329 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Voss Capital LP increased its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,164,178 shares of the company's stock after purchasing an additional 1,163,329 shares during the period. Latham Group accounts for 2.7% of Voss Capital LP's portfolio, making the stock its 15th biggest position. Voss Capital LP owned approximately 4.47% of Latham Group worth $35,943,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SWIM. Pamplona Capital Management LLC bought a new position in Latham Group during the 4th quarter valued at approximately $360,846,000. Wynnchurch Capital Partners IV L.P. purchased a new position in shares of Latham Group in the 4th quarter worth about $104,287,000. Wasatch Advisors LP purchased a new position in shares of Latham Group in the 4th quarter worth about $17,408,000. CenterBook Partners LP grew its position in Latham Group by 240.8% during the 4th quarter. CenterBook Partners LP now owns 1,151,534 shares of the company's stock valued at $8,015,000 after purchasing an additional 813,620 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Latham Group by 28.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,094,992 shares of the company's stock valued at $14,580,000 after purchasing an additional 458,604 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

Insider Activity

In related news, 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 completion of the sale, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird set a $8.50 target price on shares of Latham Group in a research note on Wednesday, March 5th. 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.66.

Latham Group Stock Performance

NASDAQ SWIM traded down $0.09 during trading hours on Friday, hitting $5.56. The company's stock had a trading volume of 603,154 shares, compared to its average volume of 596,189. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41. The company's 50 day simple moving average is $6.09 and its two-hundred day simple moving average is $6.52. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The company has a market cap of $643.72 million, a P/E ratio of 61.78 and a beta of 1.70.

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.