Latham Group Inc’s recent filing unveils that its 10% Owner WC PARTNERS EXECUTIVE IV, L.P. unloaded Company’s shares for reported $0.69 million on Mar 14 ’25. In the deal valued at $6.54 per share,105,250 shares were sold. As a result of this transaction, WC PARTNERS EXECUTIVE IV, L.P. now holds 332,818 shares worth roughly $2.2 million.
Then, WYNNCHURCH CAPITAL PARTNERS IV sold 3,494,750 shares, generating $22,855,665 in total proceeds. Upon selling the shares at $6.54, the 10% Owner now owns 11,050,953 shares.
Before that, Rajeski Scott Michael sold 22,191 shares. Latham Group Inc shares valued at $184,971 were divested by the CHIEF EXECUTIVE OFFICER at a price of $8.34 per share. As a result of the transaction, Rajeski Scott Michael now holds 480,829 shares, worth roughly $3.17 million.
Craig Hallum initiated its Latham Group Inc [SWIM] rating to a Buy in a research note published on December 09, 2024; the price target was $10. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. BofA Securities also remained covering SWIM and has decreased its forecast on March 13, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Barclays revised its rating on December 14, 2022. It rated SWIM as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of SWIM
On Tuesday, Latham Group Inc [NASDAQ:SWIM] saw its stock fall -1.79% to $6.60. Over the last five days, the stock has lost -9.09%. Latham Group Inc shares have fallen nearly -5.17% since the year began. Nevertheless, the stocks have risen 125.26% over the past one year. While a 52-week high of $8.41 was reached on 01/30/25, a 52-week low of $2.38 was recorded on 03/04/25. SMA at 50 days reached $6.75, while 200 days put it at $5.80.
Levels Of Support And Resistance For SWIM Stock
The 24-hour chart illustrates a support level at 6.47, which if violated will result in even more drops to 6.35. On the upside, there is a resistance level at 6.75. A further resistance level may holdings at 6.91. The Relative Strength Index (RSI) on the 14-day chart is 47.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.91%. Stochastics %K at 67.43% indicates the stock is a holding.
How much short interest is there in Latham Group Inc?
A steep rise in short interest was recorded in Latham Group Inc stocks on 2025-02-28, dropping by -0.12 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.89 million shares. There was a decline of -3.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 13, 2022 when Stifel began covering the stock and recommended ‘”a Hold”‘ rating along with a $3 price target.
