The 16,171 Shares in Smith & Wesson Holding Corporation (SWHC) Acquired by SG Americas Securities LLC

The 16,171 Shares in Smith & Wesson Holding Corporation (SWHC) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Smith & Wesson Holding Corporation (NASDAQ:SWHC) during the third quarter, Holdings Channel reports. The institutional investor purchased 16,171 shares of the company’s stock, valued at approximately $430,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Smith & Wesson Holding Corporation by 0.5% in the second quarter. Principal Financial Group Inc. now owns 11,872 shares of the company’s stock valued at $323,000 after buying an additional 55 shares during the last quarter. Edge Wealth Management LLC increased its stake in Smith & Wesson Holding Corporation by 2.3% in the third quarter. Edge Wealth Management LLC now owns 10,640 shares of the company’s stock valued at $283,000 after buying an additional 240 shares during the last quarter. Concorde Asset Management LLC increased its stake in shares of Smith & Wesson Holding Corporation by 5.7% in the third quarter. Concorde Asset Management LLC now owns 9,256 shares of the company’s stock valued at $246,000 after buying an additional 496 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Smith & Wesson Holding Corporation by 2.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 38,344 shares of the company’s stock valued at $1,042,000 after buying an additional 773 shares in the last quarter. Finally, Cim LLC increased its stake in shares of Smith & Wesson Holding Corporation by 8.6% in the third quarter. Cim LLC now owns 11,208 shares of the company’s stock valued at $298,000 after buying an additional 885 shares in the last quarter. Institutional investors own 74.02% of the company’s stock.

Shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC) remained flat at $21.08 during trading on Friday. Smith & Wesson Holding Corporation has a 1-year low of $19.18 and a 1-year high of $31.19. The company’s 50-day moving average price is $22.30 and its 200-day moving average price is $26.10.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) last issued its quarterly earnings results on Thursday, December 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $233.50 million for the quarter, compared to the consensus estimate of $227.07 million. Smith & Wesson Holding Corporation had a return on equity of 44.96% and a net margin of 15.15%. The business’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Equities analysts anticipate that Smith & Wesson Holding Corporation will post $2.47 earnings per share for the current year.

SWHC has been the topic of several recent analyst reports. Vetr downgraded Smith & Wesson Holding Corporation from a “strong-buy” rating to a “buy” rating and set a $26.33 target price on the stock. in a research note on Thursday, December 1st. Forward View reiterated a “buy” rating on shares of Smith & Wesson Holding Corporation in a research note on Saturday, November 12th. Wunderlich reiterated a “hold” rating and set a $26.00 target price on shares of Smith & Wesson Holding Corporation in a research note on Sunday, December 4th. Wedbush set a $25.00 target price on Smith & Wesson Holding Corporation and gave the company a “hold” rating in a research note on Sunday, December 4th. Finally, Zacks Investment Research downgraded Smith & Wesson Holding Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.15.

In other news, Director Michael F. Golden sold 54,200 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $27.00, for a total transaction of $1,463,400.00. Following the transaction, the director now directly owns 344,385 shares of the company’s stock, valued at $9,298,395. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Isabell Marie Wadecki sold 6,500 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $28.50, for a total value of $185,250.00. Following the transaction, the director now directly owns 35,686 shares in the company, valued at $1,017,051. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

About Smith & Wesson Holding Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Want to see what other hedge funds are holding SWHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smith & Wesson Holding Corporation (NASDAQ:SWHC).

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