Insider Selling: Latham Group, Inc. (NASDAQ:SWIM) CFO Sells 10,216 Shares of Stock

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

Latham Group Trading Down 0.5 %

Shares of SWIM stock opened at $6.47 on Friday. Latham Group, Inc. has a 12 month low of $2.09 and a 12 month high of $7.33. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $6.49 and its two-hundred day moving average is $4.65. The company has a market cap of $747.80 million, a PE ratio of 71.89 and a beta of 1.88.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The company had revenue of $160.12 million for the quarter, compared to the consensus estimate of $156.00 million. Equities analysts predict that Latham Group, Inc. will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BloombergSen Inc. lifted its holdings in shares of Latham Group by 64.2% during the third quarter. BloombergSen Inc. now owns 79,745 shares of the company’s stock valued at $542,000 after acquiring an additional 31,185 shares during the period. Principal Financial Group Inc. bought a new position in shares of Latham Group in the third quarter valued at about $697,000. Olympiad Research LP bought a new position in shares of Latham Group in the third quarter valued at about $160,000. Roubaix Capital LLC raised its holdings in shares of Latham Group by 70.9% in the third 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Latham Group in the third quarter valued at about $105,000. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SWIM shares. Stifel Nicolaus boosted 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. Barclays increased their price target on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Robert W. Baird increased their price target on shares of Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

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.