Roubaix Capital LLC Purchases 315,889 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Roubaix Capital LLC increased its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 70.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 761,541 shares of the company's stock after acquiring an additional 315,889 shares during the period. Latham Group comprises 2.9% of Roubaix Capital LLC's investment portfolio, making the stock its 7th biggest position. Roubaix Capital LLC owned approximately 0.66% of Latham Group worth $5,178,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. increased its stake in shares of Latham Group by 1.6% during the second quarter. Panagora Asset Management Inc. now owns 197,072 shares of the company's stock worth $597,000 after buying an additional 3,161 shares during the period. Bank of New York Mellon Corp grew its holdings in Latham Group by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company's stock worth $537,000 after acquiring an additional 3,837 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Latham Group by 69.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company's stock valued at $43,000 after purchasing an additional 4,484 shares during the last quarter. ELCO Management Co. LLC raised its holdings in shares of Latham Group by 8.6% in the 2nd quarter. ELCO Management Co. LLC now owns 97,762 shares of the company's stock valued at $296,000 after purchasing an additional 7,762 shares in the last quarter. Finally, BloombergSen Inc. lifted its position in shares of Latham Group by 24.3% during the 2nd quarter. BloombergSen Inc. now owns 48,560 shares of the company's stock worth $147,000 after purchasing an additional 9,506 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Stock Performance

SWIM traded down $0.12 on Thursday, reaching $6.50. The company had a trading volume of 323,312 shares, compared to its average volume of 417,823. Latham Group, Inc. has a 1 year low of $2.09 and a 1 year high of $7.33. The stock has a market capitalization of $751.25 million, a PE ratio of 72.22 and a beta of 1.88. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $6.49 and a 200-day moving average price of $4.63.

Latham Group (NASDAQ:SWIM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. The firm had revenue of $160.12 million during the quarter, compared to analysts' expectations of $156.00 million. As a group, research analysts forecast that Latham Group, Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SWIM shares. Robert W. Baird increased their target price on Latham Group from $5.00 to $5.50 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Stifel Nicolaus increased their price objective on Latham Group from $6.80 to $7.00 and gave the company a "buy" rating in a report on Monday, September 16th. Finally, Barclays raised their target price on Latham Group from $3.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th.

Insider Activity at Latham Group

In related news, CEO Scott Michael Rajeski sold 33,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.09, for a total value of $200,970.00. Following the completion of the sale, the chief executive officer now directly owns 516,680 shares of the company's stock, valued at $3,146,581.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Latham Group news, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the transaction, the vice president now directly owns 38,748 shares in the company, valued at approximately $196,064.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Michael Rajeski sold 33,000 shares of Latham Group stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.09, for a total transaction of $200,970.00. Following the completion of the transaction, the chief executive officer now owns 516,680 shares in the company, valued at approximately $3,146,581.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,932 shares of company stock valued at $441,364 over the last ninety days. Insiders own 8.60% of the company's stock.

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.