Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Announces Quarterly Dividend of $0.13

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, December 4th. Investors of record on Thursday, December 18th will be given a dividend of 0.13 per share on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, December 18th.

Smith & Wesson Brands Price Performance

SWBI opened at $8.91 on Friday. The company has a 50-day moving average of $9.35 and a 200-day moving average of $9.04. Smith & Wesson Brands has a 1-year low of $7.73 and a 1-year high of $14.20. The company has a market capitalization of $395.07 million, a P/E ratio of 37.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.37 and a current ratio of 5.21.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $124.67 million during the quarter, compared to analyst estimates of $123.73 million. Smith & Wesson Brands had a net margin of 2.34% and a return on equity of 3.10%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Equities analysts expect that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Institutional Trading of Smith & Wesson Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in Smith & Wesson Brands in the third quarter valued at about $7,558,000. Two Sigma Investments LP boosted its stake in Smith & Wesson Brands by 166.1% during the third quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock valued at $7,411,000 after buying an additional 470,602 shares during the period. Goldman Sachs Group Inc. raised its position in Smith & Wesson Brands by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock valued at $6,642,000 after purchasing an additional 208,739 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Smith & Wesson Brands by 327.6% in the third quarter. Allianz Asset Management GmbH now owns 183,220 shares of the company’s stock worth $1,801,000 after purchasing an additional 140,368 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Smith & Wesson Brands in the second quarter worth approximately $1,213,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

About Smith & Wesson Brands

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.