Emerald Mutual Fund Advisers Trust Purchases 448,972 Shares of Latham Group, Inc. $SWIM

Emerald Mutual Fund Advisers Trust raised its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 231.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 642,554 shares of the company’s stock after purchasing an additional 448,972 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Latham Group were worth $4,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SWIM. Bosun Asset Management LLC raised its position in shares of Latham Group by 1.3% in the 1st quarter. Bosun Asset Management LLC now owns 215,408 shares of the company’s stock worth $1,385,000 after acquiring an additional 2,795 shares in the last quarter. Deutsche Bank AG raised its position in shares of Latham Group by 13.7% in the 1st quarter. Deutsche Bank AG now owns 24,220 shares of the company’s stock worth $156,000 after acquiring an additional 2,914 shares in the last quarter. Jane Street Group LLC raised its position in shares of Latham Group by 27.1% in the 1st quarter. Jane Street Group LLC now owns 24,894 shares of the company’s stock worth $160,000 after acquiring an additional 5,315 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock worth $110,000 after acquiring an additional 5,820 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Latham Group by 46.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 24,893 shares of the company’s stock worth $160,000 after acquiring an additional 7,888 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Latham Group news, Director Frank J. Dellaquila bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the purchase, the director directly owned 21,814 shares in the company, valued at $179,747.36. This represents a 29.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Latham Group Stock Down 1.9%

Shares of SWIM stock opened at $7.35 on Thursday. Latham Group, Inc. has a 1-year low of $4.56 and a 1-year high of $8.46. The stock’s fifty day moving average price is $7.72 and its 200 day moving average price is $6.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.51. The company has a market cap of $856.57 million, a price-to-earnings ratio of -61.24 and a beta of 1.71.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Latham Group in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.95.

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.