TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Latham Group , Inc. (NASDAQ:SWIM) recently witnessed a significant transaction involving its common stock. WC Partners Executive IV, L.P., a major shareholder, sold 105,250 shares at a price of $6.54 per share. The stock, which has delivered an impressive 94% return over the past year, currently trades at $6.61 with a market capitalization of $765 million. This transaction, which took place on March 14, 2025, resulted in a total value of $688,335. Following the sale, the shareholder retains ownership of 332,818 shares in the company. This move is part of the ongoing financial activities surrounding Latham Group, a company specializing in plastics products. According to InvestingPro analysis, the stock currently appears fairly valued, with a Financial Health Score of 2.3 (FAIR). For investors interested in tracking insider movements and volatility patterns, InvestingPro offers 10 additional exclusive insights about SWIM’s market position and future prospects.
In other recent news, Latham Group reported its fourth-quarter 2024 earnings, revealing a significant miss in earnings per share (EPS) with a loss of $0.25, compared to the forecasted loss of $0.11. Despite this, the company’s revenue exceeded expectations, reaching $87.27 million against an anticipated $85.17 million. The company also experienced a full-year net sales decline of 10% compared to 2023, with total sales at $509 million. However, Latham Group’s guidance for 2025 suggests potential growth, projecting net sales between $535 million and $565 million and adjusted EBITDA between $90 million and $100 million. Stifel analysts maintained a Buy rating on Latham Group shares, noting that the initial guidance for fiscal year 2025 surpassed their previous estimates. The firm projected revenues between $535 million and $565 million, exceeding their forecast of $520 million. The analysts also expressed confidence in Latham’s potential for growth, particularly in the fiberglass pool market. Despite the earnings miss, Latham Group’s stock saw a significant increase in after-hours trading, indicating investor optimism around the company’s strategic initiatives and revenue performance.
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