Larson Financial Group LLC Has $132,000 Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Larson Financial Group LLC trimmed its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 35.5% in the third quarter, HoldingsChannel.com reports. The firm owned 10,178 shares of the company’s stock after selling 5,600 shares during the period. Larson Financial Group LLC’s holdings in Smith & Wesson Brands were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Quarry LP raised its stake in Smith & Wesson Brands by 2,773.0% during the second quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after acquiring an additional 2,052 shares in the last quarter. Blue Trust Inc. raised its stake in Smith & Wesson Brands by 311.0% during the second quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock worth $31,000 after acquiring an additional 1,614 shares in the last quarter. International Assets Investment Management LLC raised its stake in Smith & Wesson Brands by 1,198.2% during the third quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock worth $38,000 after acquiring an additional 2,684 shares in the last quarter. NBC Securities Inc. raised its stake in Smith & Wesson Brands by 823.8% during the third quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after acquiring an additional 3,567 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Smith & Wesson Brands during the third quarter worth $52,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Performance

Shares of NASDAQ:SWBI opened at $13.70 on Friday. Smith & Wesson Brands, Inc. has a twelve month low of $11.96 and a twelve month high of $18.05. The firm has a market cap of $614.47 million, a PE ratio of 18.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The business has a fifty day moving average of $13.18 and a 200-day moving average of $14.43.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $88.33 million during the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio is 70.27%.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.