Private Advisor Group LLC Purchases Shares of 26,827 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Private Advisor Group LLC bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,827 shares of the company's stock, valued at approximately $271,000. Private Advisor Group LLC owned about 0.06% of Smith & Wesson Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Smith & Wesson Brands by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company's stock valued at $378,000 after acquiring an additional 1,598 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Smith & Wesson Brands by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company's stock valued at $180,000 after acquiring an additional 1,872 shares during the last quarter. Verity Asset Management Inc. boosted its position in shares of Smith & Wesson Brands by 15.7% during the 4th quarter. Verity Asset Management Inc. now owns 16,336 shares of the company's stock valued at $165,000 after acquiring an additional 2,211 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Smith & Wesson Brands by 1,198.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,908 shares of the company's stock valued at $38,000 after acquiring an additional 2,684 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Smith & Wesson Brands by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 73,923 shares of the company's stock valued at $960,000 after acquiring an additional 3,752 shares during the last quarter. Institutional investors own 59.33% of the company's stock.

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Smith & Wesson Brands Trading Down 11.0 %

SWBI traded down $1.21 on Friday, reaching $9.81. 2,473,938 shares of the company traded hands, compared to its average volume of 453,194. Smith & Wesson Brands, Inc. has a one year low of $9.17 and a one year high of $18.05. The firm has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $12.08. The company has a market cap of $431.67 million, a P/E ratio of 12.58 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. As a group, equities research analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.13 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 5.30%. Smith & Wesson Brands's payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SWBI. Craig Hallum downgraded 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 research report on Friday, December 6th. Lake Street Capital lowered their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a research note on Friday.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.