186,145 Shares in Latham Group, Inc. (NASDAQ:SWIM) Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 186,145 shares of the company’s stock, valued at approximately $1,296,000.

Several other large investors have also bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in shares of Latham Group in the fourth quarter valued at about $33,000. FMR LLC boosted its holdings in Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after acquiring an additional 3,123 shares during the last quarter. US Bancorp DE increased its position in Latham Group by 29,902.6% during the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after purchasing an additional 11,662 shares during the period. Arizona State Retirement System acquired a new stake in Latham Group during the 4th quarter valued at approximately $82,000. Finally, EntryPoint Capital LLC bought a new position in Latham Group during the 4th quarter worth approximately $109,000. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird set a $8.50 price objective on shares of Latham Group in a research report on Wednesday, March 5th. One equities 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.66.

Latham Group Price Performance

Shares of SWIM opened at $5.10 on Tuesday. The firm has a market cap of $590.46 million, a PE ratio of 56.67 and a beta of 1.70. Latham Group, Inc. has a 52-week low of $2.38 and a 52-week high of $8.41. The business’s 50 day moving average price is $6.38 and its two-hundred day moving average price is $6.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

Insider Activity

In related news, 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 transaction of $688,335.00. Following the transaction, the insider now directly owns 332,818 shares of the company’s stock, valued at $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.

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.