SG Americas Securities LLC raised its position in shares of American Outdoor Brands Co. (NASDAQ:AOBC) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 261,999 shares of the company’s stock after purchasing an additional 6,505 shares during the quarter. SG Americas Securities LLC’s holdings in American Outdoor Brands were worth $2,704,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of American Outdoor Brands by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 515,378 shares of the company’s stock valued at $6,617,000 after purchasing an additional 22,050 shares during the period. BlackRock Inc. lifted its position in shares of American Outdoor Brands by 9.1% during the 4th quarter. BlackRock Inc. now owns 6,012,767 shares of the company’s stock valued at $77,204,000 after buying an additional 502,638 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of American Outdoor Brands by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 314,854 shares of the company’s stock valued at $4,043,000 after buying an additional 19,219 shares in the last quarter. Jefferies Group LLC purchased a new position in shares of American Outdoor Brands during the 4th quarter valued at about $379,000. Finally, Sciencast Management LP purchased a new position in shares of American Outdoor Brands during the 4th quarter valued at about $139,000. Institutional investors and hedge funds own 74.75% of the company’s stock.
NASDAQ AOBC opened at $11.29 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.38 and a current ratio of 3.13. American Outdoor Brands Co. has a 12 month low of $8.32 and a 12 month high of $24.49. The company has a market capitalization of $611.13 million, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.10 and a beta of -0.04.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. American Outdoor Brands had a return on equity of 11.05% and a net margin of 6.05%. The company had revenue of $157.38 million for the quarter, compared to analysts’ expectations of $173.83 million. equities analysts forecast that American Outdoor Brands Co. will post 0.31 earnings per share for the current year.
In related news, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $10.36, for a total value of $103,600.00. Following the transaction, the director now directly owns 72,862 shares of the company’s stock, valued at approximately $754,850.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is currently owned by insiders.
A number of research analysts have recently weighed in on AOBC shares. Zacks Investment Research cut American Outdoor Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. ValuEngine cut American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Wedbush reaffirmed an “outperform” rating on shares of American Outdoor Brands in a research report on Monday, March 5th. Craig Hallum set a $13.00 price objective on American Outdoor Brands and gave the company a “buy” rating in a research report on Tuesday, April 3rd. Finally, Lake Street Capital raised American Outdoor Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $13.00 in a research report on Thursday, April 12th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. American Outdoor Brands presently has an average rating of “Buy” and an average price target of $18.23.
About American Outdoor Brands
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. It operates in two segments, Firearms, and Outdoor Products & Accessories. The company offers handguns, long guns, handcuffs, sporting and hunting rifles, black powder firearms, and firearm-related products and accessories.
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