Paloma Partners Management Co Invests $394,000 in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Paloma Partners Management Co purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the third quarter, Holdings Channel reports. The institutional investor purchased 30,320 shares of the company’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP grew its position in shares of Smith & Wesson Brands by 2,773.0% during the 2nd quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after buying an additional 2,052 shares in the last quarter. Blue Trust Inc. grew its position in shares of Smith & Wesson Brands by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock worth $31,000 after buying an additional 1,614 shares in the last quarter. International Assets Investment Management LLC grew 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 worth $38,000 after buying an additional 2,684 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of Smith & Wesson Brands by 823.8% during the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after purchasing an additional 3,567 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in shares of Smith & Wesson Brands during the 3rd quarter worth $52,000. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Up 4.2 %

Shares of NASDAQ SWBI opened at $14.10 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.54 and a quick ratio of 1.19. The stock has a market capitalization of $632.41 million, a P/E ratio of 19.05 and a beta of 0.96. Smith & Wesson Brands, Inc. has a 1-year low of $11.96 and a 1-year high of $18.05. The business has a fifty day moving average price of $13.22 and a 200 day moving average price of $14.35.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $88.33 million during the quarter, compared to analysts’ expectations of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The firm’s quarterly revenue was down 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.