Verity Asset Management Inc. Purchases 2,211 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Verity Asset Management Inc. grew its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 15.7% in the 4th quarter, HoldingsChannel reports. The fund owned 16,336 shares of the company’s stock after buying an additional 2,211 shares during the period. Verity Asset Management Inc.’s holdings in Smith & Wesson Brands were worth $165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC bought a new stake in Smith & Wesson Brands during the second quarter worth $4,354,000. Cetera Investment Advisers grew its stake in Smith & Wesson Brands by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,421 shares during the period. SG Americas Securities LLC grew its stake in Smith & Wesson Brands by 100.6% in the 3rd quarter. SG Americas Securities LLC now owns 15,923 shares of the company’s stock valued at $207,000 after purchasing an additional 7,985 shares during the period. Exchange Traded Concepts LLC bought a new position in Smith & Wesson Brands in the 3rd quarter valued at $295,000. Finally, NBC Securities Inc. grew its stake in Smith & Wesson Brands by 823.8% in the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock valued at $51,000 after purchasing an additional 3,567 shares during the period. Institutional investors own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SWBI. Lake Street Capital upgraded Smith & Wesson Brands from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, January 27th. Craig Hallum downgraded Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Friday, December 6th.

Smith & Wesson Brands Stock Up 2.2 %

SWBI stock opened at $10.63 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The company has a market capitalization of $467.72 million, a price-to-earnings ratio of 13.63 and a beta of 1.02. Smith & Wesson Brands, Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $18.05. The stock has a fifty day moving average of $10.91 and a 200-day moving average of $12.83.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The firm had revenue of $129.70 million for the quarter, compared to the consensus estimate of $133.53 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 19th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, December 19th. This represents a $0.52 annualized dividend and a dividend yield of 4.89%. Smith & Wesson Brands’s payout ratio is 66.67%.

Smith & Wesson Brands Company 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.