Insider Selling: Latham Group, Inc. (NASDAQ:SWIM) CEO Sells 22,191 Shares of Stock

Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Latham Group Price Performance

NASDAQ SWIM opened at $7.53 on Friday. The company has a 50-day moving average price of $6.59 and a two-hundred day moving average price of $5.30. The stock has a market cap of $870.62 million, a price-to-earnings ratio of 83.68 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 52 week low of $2.11 and a 52 week high of $8.41.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SWIM shares. Craig Hallum started coverage on shares of Latham Group in a research note on Monday, December 9th. They set a “buy” rating and a $10.00 price objective on the stock. Robert W. Baird increased their price target on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price target on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.65.

Hedge Funds Weigh In On Latham Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock valued at $8,234,000 after acquiring an additional 17,259 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Latham Group by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after purchasing an additional 234,930 shares during the period. Geode Capital Management LLC raised its stake in shares of Latham Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock valued at $6,609,000 after purchasing an additional 20,209 shares in the last quarter. State Street Corp lifted its holdings in Latham Group by 5.4% in the third quarter. State Street Corp now owns 789,974 shares of the company’s stock worth $5,372,000 after purchasing an additional 40,764 shares during the period. Finally, Roubaix Capital LLC grew its position in Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after buying an additional 315,889 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

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.