Ground Swell Capital LLC Takes $32,000 Position in Leslie’s, Inc. (NASDAQ:LESL)

Ground Swell Capital LLC purchased a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,241 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mariner LLC bought a new position in shares of Leslie’s in the fourth quarter worth about $25,000. Cibc World Markets Corp bought a new position in Leslie’s in the 4th quarter worth approximately $38,000. Gitterman Wealth Management LLC bought a new position in Leslie’s in the 4th quarter worth approximately $41,000. Boothbay Fund Management LLC acquired a new position in Leslie’s during the 4th quarter worth $41,000. Finally, PNC Financial Services Group Inc. boosted its position in Leslie’s by 92.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock valued at $48,000 after buying an additional 10,396 shares during the last quarter.

Leslie’s Trading Up 4.7 %

NASDAQ:LESL opened at $0.73 on Friday. Leslie’s, Inc. has a 1 year low of $0.51 and a 1 year high of $6.02. The stock has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $1.73. The stock has a market cap of $135.72 million, a price-to-earnings ratio of -4.88 and a beta of 1.32.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

Analyst Ratings Changes

LESL has been the topic of several research reports. Stifel Nicolaus raised Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Morgan Stanley reduced their target price on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Loop Capital dropped their price target on shares of Leslie’s from $4.00 to $1.00 and set a “hold” rating for the company in a research note on Friday. Guggenheim reaffirmed a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Finally, Bank of America cut shares of Leslie’s from a “buy” rating to an “underperform” rating and dropped their target price for the company from $2.65 to $1.40 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2.27.

Leslie’s Company Profile

Leslie’s, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.