Latham Group, Inc. $SWIM Shares Sold by Voss Capital LP

Voss Capital LP reduced its stake in Latham Group, Inc. (NASDAQ:SWIM) by 62.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,625,000 shares of the company’s stock after selling 2,725,000 shares during the quarter. Latham Group accounts for 0.5% of Voss Capital LP’s portfolio, making the stock its 29th biggest position. Voss Capital LP’s holdings in Latham Group were worth $10,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its stake in Latham Group by 139.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 65,575 shares of the company’s stock valued at $416,000 after acquiring an additional 38,158 shares during the period. Wells Fargo & Company MN boosted its stake in Latham Group by 73.4% in the fourth quarter. Wells Fargo & Company MN now owns 49,304 shares of the company’s stock valued at $313,000 after acquiring an additional 20,875 shares during the period. Cullen Capital Management LLC boosted its stake in Latham Group by 10.5% in the fourth quarter. Cullen Capital Management LLC now owns 104,299 shares of the company’s stock valued at $662,000 after acquiring an additional 9,870 shares during the period. Jane Street Group LLC grew its holdings in Latham Group by 187.3% in the 4th quarter. Jane Street Group LLC now owns 332,961 shares of the company’s stock worth $2,114,000 after buying an additional 217,077 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Latham Group in the 4th quarter worth approximately $263,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James E. Cline bought 50,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $4.84 per share, for a total transaction of $242,000.00. Following the completion of the transaction, the director directly owned 100,000 shares of the company’s stock, valued at approximately $484,000. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Oliver C. Gloe bought 15,050 shares of the business’s stock in a transaction on 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 completion of 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 SEC filing for this purchase provides additional information. Corporate insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a report on Wednesday, May 6th. Stifel Nicolaus increased their price objective on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Weiss Ratings raised Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Zacks Research lowered Latham Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Finally, William Blair reissued an “outperform” rating on shares of Latham Group in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Latham Group currently has an average rating of “Hold” and a consensus price target of $7.50.

Latham Group Stock Performance

SWIM opened at $5.60 on Friday. The company has a market capitalization of $657.50 million, a price-to-earnings ratio of 80.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.67. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. Latham Group, Inc. has a 1-year low of $4.64 and a 1-year high of $8.97. The business has a 50 day moving average price of $5.52 and a two-hundred day moving average price of $6.14.

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

Latham Group Company 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.