Raymond James Financial Inc. Buys Shares of 56,219 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Raymond James Financial Inc. bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 56,219 shares of the company's stock, valued at approximately $568,000. Raymond James Financial Inc. owned 0.13% of Smith & Wesson Brands at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWBI. Jones Financial Companies Lllp lifted its holdings in Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after purchasing an additional 3,476 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Smith & Wesson Brands in the 4th quarter valued at about $114,000. Peapack Gladstone Financial Corp acquired a new stake in Smith & Wesson Brands in the 3rd quarter worth about $149,000. EMC Capital Management increased its stake in Smith & Wesson Brands by 144.4% during the 4th quarter. EMC Capital Management now owns 13,698 shares of the company's stock worth $138,000 after buying an additional 8,094 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in shares of Smith & Wesson Brands by 15.7% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 59.33% of the company's stock.

Smith & Wesson Brands Trading Up 4.7 %

NASDAQ SWBI traded up $0.41 on Friday, reaching $9.14. 479,680 shares of the company were exchanged, compared to its average volume of 476,427. The business's fifty day moving average price is $10.00 and its 200 day moving average price is $11.26. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $402.19 million, a P/E ratio of 11.72 and a beta of 1.09. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $17.33.

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

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands's payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital reduced 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, March 7th.

About Smith & Wesson Brands

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.