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

Quest Partners LLC decreased its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 10.7% during the 3rd quarter, Holdings Channel.com reports. 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 filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Smith & Wesson Brands by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 79,360 shares of the company’s stock worth $1,138,000 after buying an additional 655 shares during the period. Cetera Investment Advisers increased its stake in shares of Smith & Wesson Brands by 1.8% during the second quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock worth $1,157,000 after purchasing an additional 1,421 shares during the period. Blue Trust Inc. lifted its holdings in Smith & Wesson Brands by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock worth $31,000 after purchasing an additional 1,614 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Smith & Wesson Brands by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock valued at $228,000 after purchasing an additional 1,952 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in Smith & Wesson Brands by 14.0% in the 2nd quarter. Wedbush Securities Inc. now owns 16,250 shares of the company’s stock valued at $233,000 after buying an additional 2,000 shares in the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 1.8 %

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

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

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend 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.