Nisa Investment Advisors LLC Reduces Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Nisa Investment Advisors LLC trimmed its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 68.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,946 shares of the company’s stock after selling 13,110 shares during the period. Nisa Investment Advisors LLC’s holdings in Smith & Wesson Brands were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp lifted its holdings in Smith & Wesson Brands by 8.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company’s stock worth $126,000 after buying an additional 1,018 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Smith & Wesson Brands by 5.0% during the fourth quarter. MetLife Investment Management LLC now owns 27,408 shares of the company’s stock valued at $277,000 after acquiring an additional 1,315 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Smith & Wesson Brands by 3.1% during the fourth quarter. LPL Financial LLC now owns 49,661 shares of the company’s stock valued at $502,000 after acquiring an additional 1,482 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Smith & Wesson Brands by 45.5% in the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock valued at $60,000 after acquiring an additional 1,867 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Smith & Wesson Brands by 17.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,310 shares of the company’s stock valued at $175,000 after acquiring an additional 2,518 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital decreased their price objective on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a “buy” rating for the company in a report on Monday, June 23rd.

Smith & Wesson Brands Stock Performance

Smith & Wesson Brands stock opened at $8.03 on Friday. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.03 and a fifty-two week high of $16.85. The stock’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $9.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 4.16. The stock has a market cap of $353.32 million, a price-to-earnings ratio of 29.74 and a beta of 0.94.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Wednesday, June 18th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). The firm had revenue of $140.76 million for the quarter, compared to the consensus estimate of $152.41 million. Smith & Wesson Brands had a net margin of 2.60% and a return on equity of 3.71%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, analysts expect 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 Monday, July 21st. Stockholders of record on Monday, July 7th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Monday, July 7th. Smith & Wesson Brands’s dividend payout ratio is presently 192.59%.

About Smith & Wesson Brands

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.