Latham Group, Inc. (NASDAQ:SWIM) Major Shareholder Wc Partners Executive Iv, L.P. Sells 105,250 Shares

Latham Group, Inc. (NASDAQ:SWIM) major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now directly owns 332,818 shares of the company’s stock, valued at $2,176,629.72. This represents a 24.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Latham Group Stock Down 1.8 %

SWIM stock opened at $6.60 on Wednesday. The firm has a fifty day moving average price of $6.76 and a two-hundred day moving average price of $6.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The firm has a market cap of $764.13 million, a price-to-earnings ratio of 73.34 and a beta of 1.84.

Analyst Ratings Changes

SWIM has been the subject of several research analyst reports. Robert W. Baird set a $8.50 target price on Latham Group in a research note on Wednesday, March 5th. Stifel Nicolaus boosted their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Latham Group presently has an average rating of “Hold” and an average price target of $7.66.

Institutional Investors Weigh In On Latham Group

A number of institutional investors have recently modified their holdings of SWIM. Principal Financial Group Inc. acquired a new position in Latham Group in the third quarter valued at approximately $697,000. Empowered Funds LLC lifted its holdings in shares of Latham Group by 22.8% in the 3rd quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock worth $2,441,000 after purchasing an additional 66,647 shares during the last quarter. Natixis Advisors LLC acquired a new position in Latham Group during the 3rd quarter valued at approximately $350,000. Thrivent Financial for Lutherans bought a new position in Latham Group during the 3rd quarter worth $635,000. Finally, Intech Investment Management LLC acquired a new stake in Latham Group in the third quarter worth $92,000. Institutional investors own 83.95% of the company’s stock.

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.