Quest Partners LLC Sells 2,529 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Quest Partners LLC reduced its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,174 shares of the company’s stock after selling 2,529 shares during the quarter. Quest Partners LLC’s holdings in Smith & Wesson Brands were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of Smith & Wesson Brands by 2,773.0% in the second quarter. Quarry LP now owns 2,126 shares of the company’s stock valued at $30,000 after purchasing an additional 2,052 shares in the last quarter. Blue Trust Inc. lifted its stake in Smith & Wesson Brands by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after acquiring an additional 1,614 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Smith & Wesson Brands by 1,198.2% in the third quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock valued at $38,000 after purchasing an additional 2,684 shares during the last quarter. NBC Securities Inc. lifted its position in shares of Smith & Wesson Brands by 823.8% in the third quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after purchasing 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 owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 1.8 %

Shares of SWBI stock opened at $13.52 on Wednesday. The firm’s fifty day moving average price is $13.17 and its two-hundred day moving average price is $14.44. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. Smith & Wesson Brands, Inc. has a 1 year low of $11.96 and a 1 year high of $18.05. The firm has a market capitalization of $606.37 million, a P/E ratio of 18.27 and a beta of 1.00.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The business had revenue of $88.33 million for the quarter, compared to the consensus estimate of $102.52 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. Smith & Wesson Brands’s quarterly revenue was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.85%. Smith & Wesson Brands’s 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.