Latham Group, Inc. (NASDAQ:SWIM) Shares Purchased by Roubaix Capital LLC

Roubaix Capital LLC raised its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 104.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 445,652 shares of the company’s stock after acquiring an additional 227,349 shares during the period. Roubaix Capital LLC’s holdings in Latham Group were worth $1,350,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SWIM. Quadrature Capital Ltd purchased a new stake in shares of Latham Group in the fourth quarter valued at $32,000. Diversified Trust Co purchased a new stake in Latham Group in the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio increased its stake in shares of Latham Group by 69.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after acquiring an additional 4,484 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of Latham Group during the 4th quarter worth about $46,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Latham Group in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Stock Down 3.2 %

SWIM opened at $5.72 on Thursday. Latham Group, Inc. has a 1 year low of $2.04 and a 1 year high of $6.68. The firm has a 50 day moving average price of $4.26 and a 200 day moving average price of $3.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22. The company has a market cap of $661.12 million, a PE ratio of 190.67 and a beta of 1.86.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $160.12 million during the quarter, compared to analyst estimates of $156.00 million. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. Sell-side analysts expect that Latham Group, Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on SWIM. Stifel Nicolaus upped their price target on shares of Latham Group from $4.75 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays boosted their price objective on shares of Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Robert W. Baird increased their target price on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Insider Activity at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total transaction of $200,970.00. Following the transaction, the chief executive officer now owns 516,680 shares in the company, valued at $3,146,581.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Latham Group news, CEO Scott Michael Rajeski sold 33,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $6.09, for a total value of $200,970.00. Following the completion of the sale, the chief executive officer now owns 516,680 shares of the company’s stock, valued at $3,146,581.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $5.06, for a total transaction of $51,303.34. Following the sale, the vice president now owns 38,748 shares in the company, valued at approximately $196,064.88. The disclosure for this sale can be found here. In the last three months, insiders sold 72,932 shares of company stock worth $441,364. Corporate insiders own 8.60% of the company’s stock.

Latham Group Company Profile

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.