Virtu Financial LLC Takes $211,000 Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Virtu Financial LLC bought a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,878 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Smith & Wesson Brands by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company’s stock worth $13,865,000 after purchasing an additional 7,260 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Smith & Wesson Brands by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock valued at $5,309,000 after purchasing an additional 80,235 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Smith & Wesson Brands by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company’s stock worth $1,708,000 after buying an additional 11,006 shares during the period. Aviance Capital Partners LLC grew its holdings in shares of Smith & Wesson Brands by 14.6% during the fourth quarter. Aviance Capital Partners LLC now owns 101,283 shares of the company’s stock valued at $1,023,000 after buying an additional 12,875 shares in the last quarter. Finally, Barclays PLC raised its position in Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company’s stock valued at $1,046,000 after buying an additional 56,800 shares during the period. 59.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on SWBI. Craig Hallum lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.00 to $13.00 in a research report on Friday, December 6th. Lake Street Capital decreased their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a report on Friday, March 7th.

Smith & Wesson Brands Trading Down 1.6 %

NASDAQ SWBI opened at $9.35 on Friday. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands, Inc. has a 1-year low of $9.17 and a 1-year high of $17.99. The firm’s fifty day simple moving average is $10.37 and its 200-day simple moving average is $11.59. The company has a market capitalization of $411.43 million, a PE ratio of 11.99 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 80.00%.

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.