Sat Sep 07 11:50:49 UTC 2024: ## Smith & Wesson Brands Sees Mixed Investor Sentiment as Larson Financial Group Reduces Stake

**Sparks, MD (MarketBeat News) – September 7, 2024** Larson Financial Group LLC trimmed its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 25.7% in the second quarter, according to HoldingsChannel reports. However, other institutional investors have shown a more positive outlook, with several increasing their holdings.

Larson Financial Group LLC now owns 15,778 shares of SWBI, valued at $226,000, after selling 5,444 shares during the quarter.

Meanwhile, Blue Trust Inc. significantly increased its stake in SWBI by 311.0% in the second quarter, now owning 2,133 shares valued at $31,000. nVerses Capital LLC acquired a new position in SWBI in the second quarter, valued at $130,000. Allspring Global Investments Holdings LLC boosted its position by 1,653.0% in the first quarter, owning 9,256 shares valued at $161,000. TrueMark Investments LLC and Keynote Financial Services LLC also purchased new positions in SWBI during the second and first quarters, respectively.

Institutional investors and hedge funds now own 59.33% of Smith & Wesson Brands’ stock.

SWBI shares opened at $12.85 on Friday. The company’s financial metrics include a debt-to-equity ratio of 0.19, a current ratio of 2.98, and a quick ratio of 1.32. The firm has a market cap of $585.45 million, a PE ratio of 14.94, and a beta of 1.01.

Smith & Wesson Brands declared a quarterly dividend of $0.13, paid on Thursday, July 25th, to stockholders of record on Thursday, July 11th. This represents a $0.52 annualized dividend and a dividend yield of 4.05%.

Director Robert L. Scott sold 2,000 shares of SWBI stock on Monday, July 29th, at an average price of $16.07, for a total value of $32,140.00. Insiders currently own 0.99% of the company’s stock.

Lake Street Capital increased their target price on SWBI shares from $16.00 to $18.00 and gave the stock a “buy” rating on Friday, June 21st.

Smith & Wesson Brands designs, manufactures, and sells firearms worldwide under the Smith & Wesson, M&P, and Gemtech brands. The company offers handguns, long guns, handcuffs, suppressors, and other firearm-related products.

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