Mink Brook Asset Management LLC Takes $41,000 Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Mink Brook Asset Management LLC acquired a new stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,382 shares of the company’s stock, valued at approximately $41,000. Sportsman’s Warehouse accounts for approximately 0.0% of Mink Brook Asset Management LLC’s investment portfolio, making the stock its 26th largest holding.

Several other large investors also recently modified their holdings of SPWH. Renaissance Technologies LLC bought a new position in Sportsman’s Warehouse in the 4th quarter valued at $857,000. Portolan Capital Management LLC grew its holdings in Sportsman’s Warehouse by 146.7% during the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock worth $6,232,000 after acquiring an additional 1,387,935 shares during the last quarter. Empowered Funds LLC increased its position in Sportsman’s Warehouse by 5.2% in the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock valued at $338,000 after acquiring an additional 6,225 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Sportsman’s Warehouse in the 4th quarter valued at about $806,000. Finally, Walleye Capital LLC acquired a new stake in Sportsman’s Warehouse in the 4th quarter valued at about $948,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Stock Up 11.7%

Sportsman’s Warehouse stock opened at $2.00 on Tuesday. The company’s 50 day simple moving average is $1.40 and its 200 day simple moving average is $1.92. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $4.44. The firm has a market capitalization of $76.57 million, a price-to-earnings ratio of -2.27 and a beta of 0.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. As a group, sell-side analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPWH shares. Roth Mkm reduced their target price on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. B. Riley reaffirmed a “buy” rating and issued a $3.00 target price (down previously from $4.00) on shares of Sportsman’s Warehouse in a research note on Wednesday, April 2nd. Finally, Craig Hallum raised shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2.80.

Sportsman’s Warehouse Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.