Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver C. Gloe Sells 10,216 Shares

Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the transaction, the chief financial officer now owns 282,706 shares in the company, valued at approximately $1,820,626.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Latham Group Trading Down 1.8 %

NASDAQ:SWIM opened at $6.50 on Friday. The company has a market cap of $751.27 million, a PE ratio of 72.22 and a beta of 1.88. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $6.49 and a two-hundred day simple moving average of $4.63. Latham Group, Inc. has a 12 month low of $2.09 and a 12 month high of $7.33.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 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 return on equity of 2.93% and a net margin of 2.24%. Research analysts forecast that Latham Group, Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently made changes to their positions in SWIM. BloombergSen Inc. boosted its holdings in shares of Latham Group by 64.2% in the third quarter. BloombergSen Inc. now owns 79,745 shares of the company’s stock worth $542,000 after buying an additional 31,185 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Latham Group during the 3rd quarter worth $697,000. Olympiad Research LP bought a new stake in shares of Latham Group during the 3rd quarter valued at $160,000. Roubaix Capital LLC grew its position in shares of Latham Group by 70.9% during the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after acquiring an additional 315,889 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Latham Group in the 3rd quarter worth $105,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

SWIM has been the topic of several analyst reports. Robert W. Baird upped their price objective on Latham Group from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barclays increased their price objective on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus lifted their price objective on Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a report on Monday, September 16th.

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.