James E. Cline Sells 4,417 Shares of Latham Group, Inc. (NASDAQ:SWIM) Stock

Latham Group, Inc. (NASDAQ:SWIM) Director James E. Cline sold 4,417 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $6.45, for a total transaction of $28,489.65. Following the sale, the director now owns 189,251 shares in the company, valued at $1,220,668.95. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Latham Group Stock Down 11.4%

Shares of NASDAQ SWIM opened at $5.99 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 12 month low of $2.54 and a 12 month high of $8.41. The firm has a market capitalization of $697.04 million, a PE ratio of 66.56 and a beta of 1.72. The firm has a fifty day simple moving average of $5.97 and a two-hundred day simple moving average of $6.43.

Analyst Ratings Changes

SWIM has been the topic of a number of analyst reports. Robert W. Baird set a $8.50 target price on shares of Latham Group in a report on Wednesday, March 5th. The Goldman Sachs Group upped 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, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Latham Group presently has a consensus rating of “Hold” and a consensus price target of $7.56.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of Latham Group by 294.8% in the 3rd quarter. Barclays PLC now owns 54,720 shares of the company’s stock worth $372,000 after acquiring an additional 40,860 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Latham Group by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock valued at $129,000 after acquiring an additional 3,133 shares during the last quarter. ABS Direct Equity Fund LLC grew its position in Latham Group by 33.3% during the fourth quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock valued at $1,392,000 after buying an additional 50,000 shares during the period. Calamos Advisors LLC bought a new stake in Latham Group during the fourth quarter valued at approximately $421,000. Finally, Empowered Funds LLC grew its position in Latham Group by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,291 shares of the company’s stock valued at $2,626,000 after buying an additional 18,364 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Latham Group Company Profile

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.