Paloma Partners Management Co Purchases New Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Paloma Partners Management Co purchased a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,320 shares of the company’s stock, valued at approximately $394,000. Paloma Partners Management Co owned 0.07% of Smith & Wesson Brands as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWBI. Millennium Management LLC purchased a new stake in Smith & Wesson Brands during the 2nd quarter valued at $4,354,000. Marshall Wace LLP bought a new position in Smith & Wesson Brands in the 2nd quarter valued at $4,129,000. American Century Companies Inc. grew its position in Smith & Wesson Brands by 28.3% in the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock valued at $15,004,000 after acquiring an additional 230,532 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Smith & Wesson Brands by 1,023.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock valued at $1,923,000 after acquiring an additional 122,147 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Smith & Wesson Brands by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock valued at $40,123,000 after acquiring an additional 72,500 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock opened at $14.10 on Thursday. The stock’s fifty day moving average is $13.22 and its two-hundred day moving average is $14.35. The company has a market capitalization of $632.41 million, a PE ratio of 19.05 and a beta of 0.96. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28. Smith & Wesson Brands, Inc. has a 52 week low of $11.96 and a 52 week high of $18.05.

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

Smith & Wesson Brands Profile

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.