Victory Capital Management Inc. Sells 7,545 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Victory Capital Management Inc. cut its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 13.0% during the 3rd quarter, Holdings Channel reports. The fund owned 50,283 shares of the company’s stock after selling 7,545 shares during the period. Victory Capital Management Inc.’s holdings in Smith & Wesson Brands were worth $653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC bought a new stake in Smith & Wesson Brands in the second quarter valued at $4,354,000. Marshall Wace LLP acquired a new stake in shares of Smith & Wesson Brands in the 2nd quarter valued at about $4,129,000. American Century Companies Inc. increased its position in Smith & Wesson Brands by 28.3% in the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock valued at $15,004,000 after buying an additional 230,532 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Smith & Wesson Brands by 1,023.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock worth $1,923,000 after buying an additional 122,147 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Smith & Wesson Brands by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock worth $40,123,000 after buying an additional 72,500 shares during the period. 59.33% of the stock is owned by institutional investors.

Smith & Wesson Brands Trading Up 1.3 %

Shares of Smith & Wesson Brands stock opened at $13.70 on Friday. The stock has a market capitalization of $614.47 million, a PE ratio of 18.51 and a beta of 1.00. Smith & Wesson Brands, Inc. has a 52 week low of $11.96 and a 52 week high of $18.05. The stock has a 50 day moving average price of $13.18 and a two-hundred day moving average price of $14.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $88.33 million during the quarter, compared to the consensus estimate 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 was down 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS.

Smith & Wesson Brands Dividend Announcement

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

Smith & Wesson Brands Company Profile

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.