Latham Group (NASDAQ:SWIM) Hits New 1-Year High at $6.85

Latham Group, Inc. (NASDAQ:SWIM) shares hit a new 52-week high on Monday . The stock traded as high as $6.85 and last traded at $6.85, with a volume of 1087 shares traded. The stock had previously closed at $6.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Robert W. Baird upped their price objective on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Latham Group Price Performance

The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $3.94 and a 200 day moving average price of $3.58. The stock has a market capitalization of $710.77 million, a price-to-earnings ratio of 205.00 and a beta of 1.76.

Insider Buying and Selling at Latham Group

In other news, VP Suraj Kunchala sold 10,139 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the transaction, the vice president now directly owns 38,748 shares of the company’s stock, valued at approximately $196,064.88. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Scott Michael Rajeski sold 33,000 shares of Latham Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total value of $200,970.00. Following the sale, the chief executive officer now directly owns 516,680 shares in the company, valued at approximately $3,146,581.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Suraj Kunchala sold 10,139 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the transaction, the vice president now directly owns 38,748 shares of the company’s stock, valued at approximately $196,064.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,932 shares of company stock valued at $441,364. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Latham Group

Several large investors have recently made changes to their positions in SWIM. Victory Capital Management Inc. boosted its stake in Latham Group by 23.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,462,645 shares of the company’s stock worth $6,477,000 after purchasing an additional 465,530 shares during the last quarter. Vanguard Group Inc. boosted its position in Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after acquiring an additional 17,259 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Latham Group by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after acquiring an additional 234,930 shares during the last quarter. Natixis Advisors L.P. grew its stake in Latham Group by 50.1% during the 4th quarter. Natixis Advisors L.P. now owns 877,079 shares of the company’s stock valued at $2,306,000 after acquiring an additional 292,885 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Latham Group by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after acquiring an additional 69,356 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

About Latham Group

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.