Latham Group, Inc. (NASDAQ:SWIM) CFO Sells $65,791.04 in Stock

Latham Group, Inc. (NASDAQ:SWIM) CFO Oliver C. Gloe sold 10,216 shares of Latham Group 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 completion of the transaction, the chief financial officer now owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Latham Group Trading Down 0.5 %

Shares of NASDAQ SWIM 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 market cap of $747.80 million, a price-to-earnings ratio of 71.89 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 stock’s 50 day simple moving average is $6.49 and its 200 day simple moving average is $4.66.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $160.12 million for the quarter, compared to analysts’ expectations of $156.00 million. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. Equities research analysts expect that Latham Group, Inc. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BloombergSen Inc. boosted its position in shares of Latham Group by 64.2% during 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 period. Principal Financial Group Inc. bought a new stake in Latham Group during the 3rd quarter valued at $697,000. Olympiad Research LP acquired a new position in Latham Group during the 3rd quarter worth $160,000. Roubaix Capital LLC grew its stake 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 worth $5,178,000 after purchasing an additional 315,889 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Latham Group during the third quarter valued at $105,000. Institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays lifted their target price on Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Stifel Nicolaus lifted their price objective on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Robert W. Baird increased their target price on shares of Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a 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.