Driehaus Capital Management LLC Sells 5,410 Shares of Latham Group, Inc. $SWIM

by · The Markets Daily

Driehaus Capital Management LLC decreased its position in Latham Group, Inc. (NASDAQ:SWIM – Free Report) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,463,117 shares of the company’s stock after selling 5,410 shares during the quarter. Driehaus Capital Management LLC owned 1.26% of Latham Group worth $9,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Latham Group in the 4th quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company’s stock worth $45,000 after purchasing an additional 6,696 shares during the period. ProShare Advisors LLC purchased a new position in shares of Latham Group in the 4th quarter worth approximately $79,000. New York State Common Retirement Fund boosted its holdings in shares of Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock worth $110,000 after purchasing an additional 5,820 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Latham Group by 15.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company’s stock worth $111,000 after purchasing an additional 2,168 shares during the period. Institutional investors own 83.95% of the company’s stock.

Insider Transactions at Latham Group

In other Latham Group news, Director Frank J. Dellaquila acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the acquisition, the director directly owned 21,814 shares in the company, valued at $179,747.36. The trade was a 29.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is currently owned by insiders.

Latham Group Price Performance

SWIM opened at $8.03 on Friday. The business has a fifty day moving average of $7.06 and a 200 day moving average of $6.39. Latham Group, Inc. has a 52-week low of $4.56 and a 52-week high of $8.46. The company has a quick ratio of 1.51, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. The stock has a market cap of $935.82 million, a P/E ratio of -66.91 and a beta of 1.72.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their target price on Latham Group from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Latham Group presently has an average rating of “Moderate Buy” and a consensus target price of $7.95.

Check Out Our Latest Analysis on Latham Group

Latham Group Profile

(Free Report)

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.

See Also

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