1,468,527 Shares in Latham Group, Inc. (NASDAQ:SWIM) Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,468,527 shares of the company’s stock, valued at approximately $10,221,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of Latham Group during the fourth quarter valued at about $33,000. BNP Paribas Financial Markets bought a new position in Latham Group during the fourth quarter valued at about $42,000. US Bancorp DE raised its holdings in Latham Group by 29,902.6% in the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after acquiring an additional 11,662 shares in the last quarter. Arizona State Retirement System bought a new stake in shares of Latham Group in the 4th quarter worth approximately $82,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Latham Group during the 4th quarter worth approximately $109,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the sale, the insider now directly owns 332,818 shares of the company’s stock, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on SWIM shares. Robert W. Baird set a $8.50 target price on Latham Group in a research report on Wednesday, March 5th. The Goldman Sachs Group increased their price objective on shares of Latham Group from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.56.

Latham Group Stock Performance

Latham Group stock opened at $5.99 on Friday. Latham Group, Inc. has a 52-week low of $2.54 and a 52-week high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The stock has a fifty day moving average price of $6.03 and a two-hundred day moving average price of $6.44. The firm has a market capitalization of $693.50 million, a P/E ratio of 66.56 and a beta of 1.72.

About Latham Group

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.