Capital One National Association Has $261,000 Position in American Outdoor Brands Corp (AOBC)

Capital One National Association cut its stake in shares of American Outdoor Brands Corp (NASDAQ:AOBC) by 25.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,334 shares of the company’s stock after selling 6,826 shares during the quarter. Capital One National Association’s holdings in American Outdoor Brands were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in American Outdoor Brands by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock valued at $955,000 after purchasing an additional 1,039 shares during the last quarter. PNC Financial Services Group Inc. raised its position in American Outdoor Brands by 34.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock valued at $164,000 after purchasing an additional 1,900 shares during the last quarter. Voya Investment Management LLC raised its position in American Outdoor Brands by 9.0% during the 2nd quarter. Voya Investment Management LLC now owns 26,463 shares of the company’s stock valued at $586,000 after purchasing an additional 2,192 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in American Outdoor Brands by 2.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 150,271 shares of the company’s stock valued at $3,330,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in American Outdoor Brands by 72.3% during the 3rd quarter. Victory Capital Management Inc. now owns 9,683 shares of the company’s stock valued at $148,000 after purchasing an additional 4,062 shares during the last quarter. Institutional investors own 71.28% of the company’s stock.

In other news, Director Robert H. Brust sold 3,802 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the completion of the transaction, the director now owns 8,526 shares of the company’s stock, valued at approximately $119,108.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

A number of research firms have commented on AOBC. Wedbush set a $20.00 price target on American Outdoor Brands and gave the company a “buy” rating in a research report on Friday, December 8th. ValuEngine raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Ifs Securities raised American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a research report on Friday, December 8th. They noted that the move was a valuation call. Finally, Lake Street Capital lowered their price target on American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, November 17th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. American Outdoor Brands currently has a consensus rating of “Buy” and an average price target of $18.80.

American Outdoor Brands Corp (AOBC) opened at $10.90 on Friday. American Outdoor Brands Corp has a 52-week low of $9.82 and a 52-week high of $24.49. The stock has a market capitalization of $581.19, a P/E ratio of 7.90, a PEG ratio of 1.18 and a beta of -0.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 0.93.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, December 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The firm had revenue of $148.40 million during the quarter, compared to analyst estimates of $142.10 million. The company’s quarterly revenue was down 36.5% compared to the same quarter last year. research analysts expect that American Outdoor Brands Corp will post 0.61 earnings per share for the current fiscal year.

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American Outdoor Brands Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

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Institutional Ownership by Quarter for American Outdoor Brands (NASDAQ:AOBC)

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