Archer Capital Management L.P. acquired a new position in shares of American Outdoor Brands Corp (NASDAQ:AOBC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,926,000. American Outdoor Brands comprises about 0.7% of Archer Capital Management L.P.’s portfolio, making the stock its 18th largest holding. Archer Capital Management L.P. owned approximately 0.28% of American Outdoor Brands as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of AOBC. Sciencast Management LP bought a new stake in shares of American Outdoor Brands during the 4th quarter worth $139,000. Victory Capital Management Inc. lifted its holdings in shares of American Outdoor Brands by 72.3% during the 3rd quarter. Victory Capital Management Inc. now owns 9,683 shares of the company’s stock worth $148,000 after acquiring an additional 4,062 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of American Outdoor Brands during the 4th quarter worth $162,000. Quantum Capital Management bought a new stake in shares of American Outdoor Brands during the 3rd quarter worth $173,000. Finally, Two Sigma Advisers LP bought a new stake in shares of American Outdoor Brands during the 4th quarter worth $190,000. 74.93% of the stock is owned by institutional investors.
In other American Outdoor Brands news, Director Robert H. Brust sold 3,802 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $13.97, for a total value of $53,113.94. Following the transaction, the director now owns 8,526 shares in the company, valued at $119,108.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is currently owned by insiders.
American Outdoor Brands Corp (NASDAQ AOBC) opened at $10.58 on Wednesday. The company has a market cap of $572.53, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.29 and a beta of 0.04. American Outdoor Brands Corp has a 52-week low of $8.32 and a 52-week high of $24.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.13 and a quick ratio of 1.38.
American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, March 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. American Outdoor Brands had a net margin of 6.05% and a return on equity of 11.05%. The company had revenue of $157.38 million for the quarter, compared to analysts’ expectations of $173.83 million. analysts forecast that American Outdoor Brands Corp will post 0.31 earnings per share for the current year.
About American Outdoor Brands
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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