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

Latham Group, Inc. (NASDAQ:SWIM) major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the sale, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Latham Group Stock Performance

Shares of SWIM traded down $0.12 during midday trading on Tuesday, reaching $6.60. 629,970 shares of the stock were exchanged, compared to its average volume of 536,342. The business’s 50-day moving average price is $6.76 and its 200 day moving average price is $6.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The company has a market capitalization of $764.13 million, a price-to-earnings ratio of 73.34 and a beta of 1.84.

Institutional Trading of Latham Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Latham Group during the fourth quarter worth about $33,000. BNP Paribas Financial Markets acquired a new stake in shares of Latham Group during the fourth quarter worth about $42,000. FMR LLC increased its position in shares of Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after purchasing an additional 3,123 shares in the last quarter. Quarry LP purchased a new position in shares of Latham Group during the third quarter worth about $53,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Latham Group during the third quarter worth about $72,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Robert W. Baird set a $8.50 price objective on Latham Group in a research note on Wednesday, March 5th. Craig Hallum began coverage on Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.