Ground Swell Capital LLC Acquires New Stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Ground Swell Capital LLC bought a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,180 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors have also recently made changes to their positions in the company. Abacus Planning Group Inc. acquired a new position in shares of Sportsman’s Warehouse in the third quarter worth approximately $55,000. Point72 DIFC Ltd bought a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $40,000. Cubist Systematic Strategies LLC acquired a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $384,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at $146,000. Finally, SkyView Investment Advisors LLC increased its position in shares of Sportsman’s Warehouse by 11.6% during the second quarter. SkyView Investment Advisors LLC now owns 175,231 shares of the company’s stock worth $422,000 after buying an additional 18,192 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SPWH shares. B. Riley cut their price target on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Roth Mkm decreased their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Lake Street Capital lowered their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Robert W. Baird cut their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, Craig Hallum lowered their price objective on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.80.

Insider Activity

In related news, Director Richard D. Mcbee purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director now owns 205,608 shares of the company’s stock, valued at $524,300.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard D. Mcbee purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $2.55 per share, with a total value of $51,000.00. Following the completion of the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Paul Stone acquired 39,920 shares of Sportsman’s Warehouse stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $2.60 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.71. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $1.81 and a 12-month high of $5.55. The company has a market cap of $98.41 million, a P/E ratio of -2.86 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The business had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Sell-side analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.74 earnings per share for the current fiscal year.

Sportsman’s Warehouse Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.