Cubist Systematic Strategies LLC Purchases Shares of 49,823 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Cubist Systematic Strategies LLC purchased a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 49,823 shares of the company’s stock, valued at approximately $503,000. Cubist Systematic Strategies LLC owned about 0.11% of Smith & Wesson Brands at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Smith & Wesson Brands in the fourth quarter valued at $568,000. Counterpoint Mutual Funds LLC acquired a new stake in Smith & Wesson Brands in the fourth quarter valued at $331,000. Sanctuary Advisors LLC acquired a new stake in Smith & Wesson Brands in the fourth quarter valued at $114,000. Teacher Retirement System of Texas lifted its stake in shares of Smith & Wesson Brands by 84.6% during the 4th quarter. Teacher Retirement System of Texas now owns 62,296 shares of the company’s stock worth $630,000 after buying an additional 28,556 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Smith & Wesson Brands by 9.8% during the 4th quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company’s stock worth $1,460,000 after buying an additional 12,910 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $9.74 on Friday. The firm has a 50-day moving average of $9.39 and a 200-day moving average of $10.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The stock has a market cap of $428.59 million, a PE ratio of 12.49 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 52-week low of $8.38 and a 52-week high of $16.89.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $115.89 million during the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. On average, sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.34%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 80.00%.

Analyst Upgrades and Downgrades

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

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.