Calamos Advisors LLC Makes New $421,000 Investment in Latham Group, Inc. (NASDAQ:SWIM)

Calamos Advisors LLC purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 60,528 shares of the company’s stock, valued at approximately $421,000. Calamos Advisors LLC owned approximately 0.05% of Latham Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after buying an additional 234,930 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Latham Group by 71.1% in the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock worth $85,000 after acquiring an additional 11,601 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Latham Group in the 3rd quarter worth approximately $105,000. Roubaix Capital LLC raised its holdings in shares of Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after purchasing an additional 315,889 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Latham Group in the 3rd quarter worth approximately $160,000. Institutional investors own 83.95% of the company’s stock.

Insider Activity

In other news, COO Sanjeev Bahl sold 11,750 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the sale, the chief operating officer now owns 262,811 shares in the company, valued at approximately $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now owns 480,829 shares in the company, valued at $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SWIM shares. Craig Hallum started coverage on Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus boosted their target price on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird increased their price target on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.65.

Latham Group Stock Performance

Shares of SWIM opened at $7.07 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The firm has a market cap of $817.43 million, a price-to-earnings ratio of 78.56 and a beta of 1.81. Latham Group, Inc. has a 12 month low of $2.35 and a 12 month high of $8.41. The company’s fifty day moving average is $6.97 and its 200-day moving average is $6.27.

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.