Victory Capital Management Inc. Sells 10,479 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Victory Capital Management Inc. cut its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBIFree Report) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,063 shares of the company’s stock after selling 10,479 shares during the period. Victory Capital Management Inc. owned 0.27% of Smith & Wesson Brands worth $1,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Smith & Wesson Brands by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,795,668 shares of the company’s stock worth $36,456,000 after buying an additional 305,070 shares during the last quarter. Denali Advisors LLC acquired a new position in shares of Smith & Wesson Brands during the 3rd quarter worth approximately $971,000. Bank of New York Mellon Corp raised its stake in Smith & Wesson Brands by 5.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 582,431 shares of the company’s stock valued at $7,519,000 after acquiring an additional 31,186 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Smith & Wesson Brands by 12.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,952 shares of the company’s stock valued at $206,000 after purchasing an additional 1,709 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Smith & Wesson Brands during the third quarter worth $256,000. 57.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Craig Hallum increased their price objective on shares of Smith & Wesson Brands from $12.00 to $14.00 and gave the company a “hold” rating in a research report on Friday, December 8th.

View Our Latest Stock Report on SWBI

Insiders Place Their Bets

In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $13.17, for a total value of $26,340.00. Following the completion of the sale, the director now directly owns 75,569 shares in the company, valued at $995,243.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 6,000 shares of company stock worth $81,060 in the last quarter. Corporate insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Trading Up 0.7 %

Shares of NASDAQ:SWBI opened at $13.76 on Friday. The stock has a market cap of $628.01 million, a PE ratio of 21.50 and a beta of 1.14. The company has a quick ratio of 1.30, a current ratio of 3.10 and a debt-to-equity ratio of 0.27. Smith & Wesson Brands, Inc. has a 12-month low of $10.34 and a 12-month high of $14.86. The business has a 50 day moving average of $13.34 and a 200-day moving average of $13.18.

Smith & Wesson Brands (NASDAQ:SWBIGet Free Report) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Smith & Wesson Brands had a net margin of 5.76% and a return on equity of 10.22%. The firm had revenue of $125.00 million during the quarter, compared to analyst estimates of $123.77 million. During the same period in the prior year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.8 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, January 4th. Shareholders of record on Thursday, December 21st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, December 20th. Smith & Wesson Brands’s dividend payout ratio is currently 75.00%.

Smith & Wesson Brands Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

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