747,843 Shares in Latham Group, Inc. $SWIM Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC acquired a new stake in Latham Group, Inc. (NASDAQ:SWIM) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 747,843 shares of the company’s stock, valued at approximately $4,839,000.

Several other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Latham Group by 83.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after purchasing an additional 1,921 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Latham Group during the second quarter valued at $29,000. Summit Securities Group LLC bought a new position in shares of Latham Group during the first quarter valued at $30,000. Covestor Ltd boosted its position in shares of Latham Group by 153.0% during the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock valued at $35,000 after buying an additional 3,372 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Latham Group during the fourth quarter valued at $55,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Latham Group Stock Performance

Shares of SWIM opened at $7.13 on Tuesday. The firm has a market capitalization of $838.84 million, a P/E ratio of 142.60, a PEG ratio of 1.60 and a beta of 1.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.16 and a quick ratio of 1.44. Latham Group, Inc. has a one year low of $4.64 and a one year high of $8.97. The business has a fifty day moving average of $6.14 and a 200 day moving average of $5.98.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $197.47 million during the quarter, compared to the consensus estimate of $188.39 million. Latham Group had a net margin of 0.92% and a return on equity of 1.31%. As a group, sell-side analysts anticipate that Latham Group, Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

SWIM has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Bank of America dropped their price target on shares of Latham Group from $7.00 to $6.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Latham Group in a research note on Tuesday, August 4th. Barclays boosted their price objective on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Zacks Research downgraded shares of Latham Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Latham Group presently has an average rating of “Reduce” and an average target price of $7.83.

Insider Activity at Latham Group

In other Latham Group news, CFO Oliver C. Gloe purchased 15,050 shares of Latham Group stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $4.90 per share, with a total value of $73,745.00. Following the transaction, the chief financial officer directly owned 540,758 shares of the company’s stock, valued at $2,649,714.20. This trade represents a 2.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.32% of the stock is owned by insiders.

Latham Group Profile

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.