Smith & Wesson Brands (NASDAQ:SWBI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) saw unusually-strong trading volume on Wednesday . Approximately 777,916 shares were traded during mid-day trading, an increase of 95% from the previous session’s volume of 399,761 shares.The stock last traded at $12.76 and had previously closed at $14.02.

Smith & Wesson Brands Trading Down 5.3 %

The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is $13.28 and its 200-day moving average is $14.82. The firm has a market cap of $595.19 million, a price-to-earnings ratio of 17.93 and a beta of 1.00.

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

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.92%. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 70.27%.

Institutional Trading of Smith & Wesson Brands

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Smith & Wesson Brands by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company’s stock worth $62,791,000 after purchasing an additional 47,009 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Smith & Wesson Brands by 2.7% in the second quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock valued at $40,123,000 after buying an additional 72,500 shares during the period. American Century Companies Inc. lifted its position in shares of Smith & Wesson Brands by 28.3% during the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock valued at $15,004,000 after buying an additional 230,532 shares during the last quarter. Millennium Management LLC bought a new position in shares of Smith & Wesson Brands during the 2nd quarter worth $4,354,000. Finally, Marshall Wace LLP purchased a new stake in Smith & Wesson Brands in the 2nd quarter worth about $4,129,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Company 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.