Sanjeev Bahl Sells 11,750 Shares of Latham Group, Inc. (NASDAQ:SWIM) Stock

Latham Group, Inc. (NASDAQ:SWIM) COO Sanjeev Bahl sold 11,750 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the completion of the sale, the chief operating officer now owns 262,811 shares in the company, valued at approximately $1,550,584.90. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Latham Group Trading Down 2.3 %

Shares of NASDAQ:SWIM opened at $5.72 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $6.46 and its 200 day moving average price is $4.85. The company has a market cap of $660.80 million, a PE ratio of 63.50 and a beta of 1.88. Latham Group, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $7.33.

Institutional Trading of Latham Group

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its holdings in shares of Latham Group by 8.2% during the first quarter. Empowered Funds LLC now owns 271,220 shares of the company’s stock valued at $1,074,000 after purchasing an additional 20,475 shares during the period. Vanguard Group Inc. increased its stake in Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock valued at $8,234,000 after buying an additional 17,259 shares during the period. Roubaix Capital LLC bought a new stake in shares of Latham Group during the 1st quarter worth about $864,000. Lazard Asset Management LLC acquired a new stake in shares of Latham Group in the 1st quarter worth approximately $80,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Latham Group by 69.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after acquiring an additional 4,484 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their price target on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Barclays lifted their target price on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Robert W. Baird increased their price target on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.62.

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.