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

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AOBC. Teachers Advisors LLC raised its holdings in American Outdoor Brands by 4.5% during the second quarter. Teachers Advisors LLC now owns 102,224 shares of the company’s stock worth $2,265,000 after purchasing an additional 4,385 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in American Outdoor Brands by 2.1% during the second quarter. TIAA CREF Investment Management LLC now owns 150,271 shares of the company’s stock worth $3,330,000 after purchasing an additional 3,113 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in American Outdoor Brands by 356.8% during the second quarter. Ameriprise Financial Inc. now owns 118,673 shares of the company’s stock worth $2,632,000 after purchasing an additional 92,691 shares in the last quarter. BlackRock Inc. grew its position in American Outdoor Brands by 2.8% during the second quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock worth $107,892,000 after buying an additional 133,299 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in American Outdoor Brands by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock worth $164,000 after buying an additional 1,900 shares during the period. 71.62% of the stock is owned by hedge funds and other institutional investors.

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

Several research analysts have weighed in on AOBC shares. ValuEngine upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Wedbush set a $20.00 target price on shares of American Outdoor Brands and gave the stock a “buy” rating in a research report on Friday, December 8th. Cowen restated a “buy” rating and set a $19.00 target price on shares of American Outdoor Brands in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Lake Street Capital lowered their target price on shares of American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, November 17th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $18.80.

American Outdoor Brands Corp (NASDAQ:AOBC) traded up $0.06 during mid-day trading on Friday, hitting $10.12. 1,432,300 shares of the stock traded hands, compared to its average volume of 1,332,770. The firm has a market capitalization of $544.39, a price-to-earnings ratio of 9.05, a PEG ratio of 1.11 and a beta of -0.24. American Outdoor Brands Corp has a twelve month low of $9.43 and a twelve month high of $24.49. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52.

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

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

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