Insider Selling: Latham Group, Inc. (NASDAQ:SWIM) Major Shareholder Sells 105,250 Shares of Stock

Latham Group, Inc. (NASDAQ:SWIM) major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 332,818 shares of the company’s stock, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.28 on Friday. The company’s fifty day moving average price is $6.75 and its 200-day moving average price is $6.65. The stock has a market cap of $727.08 million, a PE ratio of 69.79 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41.

Analyst Ratings Changes

Several research analysts have commented on SWIM shares. Stifel Nicolaus upped their price objective on shares of 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 target on shares of Latham Group in a research note on Wednesday, March 5th. Finally, Craig Hallum started coverage on Latham Group in a research report on Monday, December 9th. They set 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 given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.66.

Institutional Investors Weigh In On Latham Group

Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in shares of Latham Group during the fourth quarter valued at approximately $33,000. BNP Paribas Financial Markets purchased a new position in Latham Group during the fourth quarter valued at $42,000. 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 worth $49,000 after acquiring an additional 3,123 shares in the last quarter. Quarry LP purchased a new stake in shares of Latham Group in the third quarter worth $53,000. Finally, Quadrature Capital Ltd bought a new position in shares of Latham Group during the third quarter valued at $72,000. Institutional investors own 83.95% of the company’s stock.

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.