Aviance Capital Partners LLC Acquires 13,830 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Aviance Capital Partners LLC boosted its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,408 shares of the company’s stock after buying an additional 13,830 shares during the quarter. Aviance Capital Partners LLC’s holdings in Smith & Wesson Brands were worth $1,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Smith & Wesson Brands during the first quarter valued at approximately $563,000. Vanguard Group Inc. grew its stake in Smith & Wesson Brands by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock valued at $62,791,000 after acquiring an additional 47,009 shares during the period. Millennium Management LLC acquired a new position in shares of Smith & Wesson Brands in the 2nd quarter valued at approximately $4,354,000. Marshall Wace LLP bought a new stake in shares of Smith & Wesson Brands during the second quarter worth $4,129,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Smith & Wesson Brands by 17.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock worth $228,000 after purchasing an additional 1,952 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Up 1.3 %

NASDAQ SWBI opened at $13.20 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. Smith & Wesson Brands, Inc. has a 52 week low of $11.96 and a 52 week high of $18.05. The stock has a market capitalization of $592.02 million, a price-to-earnings ratio of 17.84 and a beta of 1.00. The stock’s 50 day moving average price is $13.12 and its two-hundred day moving average price is $14.55.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The business 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 previous year, the business earned $0.13 earnings per share.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 3.94%. Smith & Wesson Brands’s dividend payout ratio is 70.27%.

About Smith & Wesson Brands

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.