Chief Financial Officer Oliver Gloe purchased 9,000 shares of Latham Group Inc (SWIM, Financial) on November 11, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 291,706 shares of the company.
Latham Group Inc specializes in manufacturing residential in-ground swimming pools and related products in North America, Australia, and New Zealand. This insider buy adds to the 36,500 shares Oliver Gloe has purchased over the past year, against 10,216 shares sold.
Insider transaction trends for Latham Group Inc indicate a pattern of 2 insider buys and 12 insider sells over the past year.
On the date of the transaction, shares of Latham Group Inc were priced at $5.73, valuing the company with a market cap of approximately $626.687 million. The price-earnings ratio stood at 59.56, above the industry median of 15.92.
The stock's valuation according to GF Value is $2.99, leading to a price-to-GF-Value ratio of 1.92, indicating that the stock is Significantly Overvalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from analysts.
This insider purchase could signal a positive outlook from the insider regarding the company's future performance, despite the current valuation metrics suggesting a premium against intrinsic values.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
