Hillsdale Investment Management Inc. Has $220,000 Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Hillsdale Investment Management Inc. lessened its position in Latham Group, Inc. (NASDAQ:SWIM) by 94.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,600 shares of the company’s stock after selling 589,963 shares during the period. Hillsdale Investment Management Inc.’s holdings in Latham Group were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Olympiad Research LP grew its position in shares of Latham Group by 8.0% in the fourth quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock valued at $177,000 after purchasing an additional 1,889 shares during the last quarter. Rhumbline Advisers grew its holdings in Latham Group by 4.8% in the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock valued at $449,000 after buying an additional 2,942 shares during the last quarter. FMR LLC increased its position in Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Latham Group by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock worth $129,000 after buying an additional 3,133 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Latham Group by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 340,603 shares of the company’s stock valued at $2,371,000 after acquiring an additional 7,397 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Trading Up 7.2 %

Shares of Latham Group stock opened at $6.67 on Tuesday. Latham Group, Inc. has a 52-week low of $2.38 and a 52-week high of $8.41. The firm has a market capitalization of $772.23 million, a PE ratio of 74.12 and a beta of 1.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The company’s fifty day moving average price is $6.75 and its two-hundred day moving average price is $6.66.

Insider Activity

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the transaction, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SWIM shares. Stifel Nicolaus boosted their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a report on Wednesday, March 5th. Finally, Craig Hallum assumed coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Latham Group has a consensus rating of “Hold” and a consensus target price of $7.66.

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.