Punch Card Management L.P. Cuts Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Punch Card Management L.P. lessened its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 22.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648,956 shares of the company’s stock after selling 191,082 shares during the period. Smith & Wesson Brands accounts for 2.1% of Punch Card Management L.P.’s portfolio, making the stock its 4th biggest holding. Punch Card Management L.P. owned about 1.47% of Smith & Wesson Brands worth $6,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWBI. IMG Wealth Management Inc. bought a new stake in shares of Smith & Wesson Brands during the 4th quarter worth $44,000. Jones Financial Companies Lllp boosted its position in shares of Smith & Wesson Brands by 238.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after purchasing an additional 3,476 shares during the period. Caption Management LLC acquired a new position in shares of Smith & Wesson Brands in the 4th quarter valued at $51,000. Headlands Technologies LLC increased its stake in Smith & Wesson Brands by 45.5% in the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock worth $60,000 after purchasing an additional 1,867 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Smith & Wesson Brands during the 4th quarter worth about $81,000. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $9.67 on Thursday. The company’s fifty day moving average is $9.38 and its two-hundred day moving average is $10.70. The company has a market cap of $425.51 million, a P/E ratio of 12.40 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 12-month low of $8.38 and a 12-month high of $16.89. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Equities 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 business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 80.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital dropped their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Smith & Wesson Brands Company Profile

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.