Latham Group, Inc. (NASDAQ:SWIM) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in Latham Group, Inc. (NASDAQ:SWIM) by 113.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,388 shares of the company’s stock after purchasing an additional 6,060 shares during the period. Tower Research Capital LLC TRC’s holdings in Latham Group were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Latham Group by 66.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,997,115 shares of the company’s stock valued at $5,592,000 after buying an additional 797,733 shares during the period. Voss Capital LLC lifted its holdings in shares of Latham Group by 52.1% in the 4th quarter. Voss Capital LLC now owns 1,922,639 shares of the company’s stock worth $5,057,000 after purchasing an additional 658,280 shares during the last quarter. Natixis Advisors L.P. boosted its position in Latham Group by 50.1% during the 4th quarter. Natixis Advisors L.P. now owns 877,079 shares of the company’s stock valued at $2,306,000 after purchasing an additional 292,885 shares during the period. Panagora Asset Management Inc. grew its stake in Latham Group by 60.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 194,680 shares of the company’s stock worth $545,000 after buying an additional 73,248 shares during the last quarter. Finally, Premier Fund Managers Ltd increased its position in Latham Group by 55.7% in the fourth quarter. Premier Fund Managers Ltd now owns 199,536 shares of the company’s stock worth $542,000 after buying an additional 71,343 shares during the period. 83.95% of the stock is owned by institutional investors.

Latham Group Stock Performance

SWIM stock traded up $0.21 during trading on Friday, reaching $2.81. 191,911 shares of the company’s stock were exchanged, compared to its average volume of 239,409. The firm has a market cap of $324.25 million, a PE ratio of -93.67 and a beta of 1.67. The company has a quick ratio of 1.64, a current ratio of 2.77 and a debt-to-equity ratio of 0.70. Latham Group, Inc. has a 1-year low of $2.04 and a 1-year high of $4.77. The company’s fifty day moving average price is $3.28 and its 200-day moving average price is $2.78.

Latham Group (NASDAQ:SWIM) last announced its earnings results on Tuesday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.08. Latham Group had a negative net margin of 0.42% and a negative return on equity of 0.62%. The firm had revenue of $90.90 million during the quarter, compared to analyst estimates of $86.95 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. Latham Group’s revenue was down 15.8% compared to the same quarter last year. On average, research analysts expect that Latham Group, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America lowered shares of Latham Group from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $4.50 to $2.60 in a research report on Wednesday, March 13th. Stifel Nicolaus upgraded shares of Latham Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $3.00 to $4.00 in a research report on Monday, March 18th.

Insider Activity at Latham Group

In other news, General Counsel Patrick M. Sheller sold 10,431 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $3.05, for a total value of $31,814.55. Following the sale, the general counsel now owns 139,164 shares of the company’s stock, valued at approximately $424,450.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Patrick M. Sheller sold 10,431 shares of Latham Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of $3.05, for a total value of $31,814.55. Following the transaction, the general counsel now directly owns 139,164 shares in the company, valued at approximately $424,450.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Oliver C. Gloe acquired 27,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average price of $2.92 per share, for a total transaction of $80,300.00. Following the acquisition, the chief financial officer now owns 292,922 shares in the company, valued at approximately $855,332.24. The disclosure for this purchase can be found here. Insiders have sold 54,383 shares of company stock worth $165,868 over the last quarter. 8.60% of the stock is currently owned by company insiders.

About Latham Group

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.