Scott Michael Rajeski Sells 22,191 Shares of Latham Group, Inc. (NASDAQ:SWIM) Stock

Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Latham Group Trading Down 2.5 %

NASDAQ:SWIM opened at $7.53 on Friday. The company’s 50 day moving average is $6.59 and its 200-day moving average is $5.31. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 12 month low of $2.11 and a 12 month high of $8.41. The firm has a market cap of $870.66 million, a price-to-earnings ratio of 83.67 and a beta of 1.84.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWIM. Stifel Nicolaus increased their price objective on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price target on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Craig Hallum began coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Roubaix Capital LLC boosted its holdings in Latham Group by 70.9% during the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after acquiring an additional 315,889 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Latham Group by 21.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after purchasing an additional 234,930 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after purchasing an additional 213,128 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Latham Group during the 3rd quarter valued at approximately $697,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Latham Group in the 3rd quarter valued at approximately $635,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Company Profile

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.