Latham Group (NASDAQ:SWIM) CFO Oliver Gloe Buys 15,050 Shares

Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver Gloe acquired 15,050 shares of Latham Group stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $4.90 per share, with a total value of $73,745.00. Following the completion of the transaction, the chief financial officer directly owned 540,758 shares in the company, valued at $2,649,714.20. This represents a 2.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Latham Group Stock Performance

Shares of Latham Group stock traded up $0.14 during mid-day trading on Thursday, hitting $5.03. 412,585 shares of the stock were exchanged, compared to its average volume of 882,476. Latham Group, Inc. has a 12 month low of $4.64 and a 12 month high of $8.97. The company has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $6.29. The company has a market capitalization of $590.11 million, a P/E ratio of 71.80, a P/E/G ratio of 0.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88.

Latham Group (NASDAQ:SWIM) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $117.32 million during the quarter, compared to the consensus estimate of $118.39 million. Latham Group had a net margin of 1.55% and a return on equity of 2.13%. Sell-side analysts anticipate that Latham Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

SWIM has been the subject of several research reports. Zacks Research lowered shares of Latham Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. Stifel Nicolaus increased their target price on shares of Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Barclays decreased their price target on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. William Blair reaffirmed an “outperform” rating on shares of Latham Group in a report on Wednesday, March 4th. Finally, Bank of America dropped their price objective on Latham Group from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.50.

Institutional Trading of Latham Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in Latham Group by 9.0% in the 1st quarter. Renaissance Technologies LLC now owns 497,500 shares of the company’s stock worth $2,672,000 after buying an additional 41,100 shares during the period. Modern Wealth Management LLC raised its holdings in Latham Group by 28.3% during the 1st quarter. Modern Wealth Management LLC now owns 16,814 shares of the company’s stock valued at $90,000 after acquiring an additional 3,712 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Latham Group by 293.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 431,239 shares of the company’s stock worth $2,316,000 after acquiring an additional 321,577 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Latham Group in the first quarter worth $320,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Latham Group by 16.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,370,146 shares of the company’s stock worth $18,096,000 after acquiring an additional 470,123 shares during the period. Institutional investors own 83.95% of the company’s stock.

About Latham Group

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.