Smith & Wesson Brands, Inc. (NASDAQ:SWBI) to Issue Quarterly Dividend of $0.13

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Thursday, March 5th. Shareholders of record on Thursday, March 19th will be paid a dividend of 0.13 per share on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, March 19th.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI opened at $13.92 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 4.50 and a debt-to-equity ratio of 0.29. Smith & Wesson Brands has a fifty-two week low of $7.73 and a fifty-two week high of $14.59. The stock has a market cap of $619.30 million, a PE ratio of 60.52 and a beta of 1.04. The firm’s fifty day simple moving average is $11.69 and its 200-day simple moving average is $10.29.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Smith & Wesson Brands had a net margin of 2.24% and a return on equity of 3.07%. The business had revenue of $135.71 million during the quarter, compared to the consensus estimate of $125.59 million. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. Analysts expect that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith & Wesson Brands

Several institutional investors and hedge funds have recently made changes to their positions in SWBI. Caitong International Asset Management Co. Ltd acquired a new stake in Smith & Wesson Brands in the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC increased its holdings in Smith & Wesson Brands by 205.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after acquiring an additional 4,200 shares in the last quarter. Jones Financial Companies Lllp raised its position in Smith & Wesson Brands by 42.0% during the third quarter. Jones Financial Companies Lllp now owns 10,631 shares of the company’s stock worth $103,000 after acquiring an additional 3,142 shares during the last quarter. Significant Wealth Partners LLC purchased a new stake in shares of Smith & Wesson Brands in the third quarter valued at about $106,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Smith & Wesson Brands in the fourth quarter valued at about $107,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.