Wc Partners Executive Iv, L.P. Sells 105,250 Shares of Latham Group, Inc. (NASDAQ:SWIM) Stock

Latham Group, Inc. (NASDAQ:SWIM) major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, the insider now directly owns 332,818 shares in the company, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Latham Group Price Performance

Shares of SWIM stock traded down $0.12 during midday trading on Tuesday, reaching $6.60. 629,970 shares of the company traded hands, compared to its average volume of 536,342. The firm’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $6.65. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The firm has a market cap of $764.13 million, a PE ratio of 73.34 and a beta of 1.84.

Institutional Investors Weigh In On Latham Group

A number of hedge funds and other institutional investors have recently modified their holdings of SWIM. Principal Financial Group Inc. acquired a new stake in shares of Latham Group during the 3rd quarter valued at approximately $697,000. Empowered Funds LLC raised its position in shares of Latham Group by 22.8% during the 3rd quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock worth $2,441,000 after purchasing an additional 66,647 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of Latham Group during the 3rd quarter worth approximately $350,000. Thrivent Financial for Lutherans acquired a new position in shares of Latham Group during the 3rd quarter worth approximately $635,000. Finally, Intech Investment Management LLC acquired a new position in shares of Latham Group during the 3rd quarter worth approximately $92,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWIM has been the topic of a number of research reports. 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, December 11th. Robert W. Baird set a $8.50 price objective on Latham Group in a report on Wednesday, March 5th. Finally, Craig Hallum initiated coverage on Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.66.

About Latham Group

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.