Sterling Capital Management LLC bought a new position in shares of American Outdoor Brands Corp (NASDAQ:AOBC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 65,535 shares of the company’s stock, valued at approximately $1,018,000. Sterling Capital Management LLC owned approximately 0.12% of American Outdoor Brands at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its holdings in American Outdoor Brands by 308.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock worth $172,000 after acquiring an additional 8,376 shares in the last quarter. Verition Fund Management LLC bought a new position in American Outdoor Brands during the second quarter worth about $133,000. Dynamic Technology Lab Private Ltd lifted its holdings in American Outdoor Brands by 72.9% during the second quarter. Dynamic Technology Lab Private Ltd now owns 26,451 shares of the company’s stock worth $318,000 after acquiring an additional 11,154 shares in the last quarter. Fisher Asset Management LLC bought a new position in American Outdoor Brands during the second quarter worth about $153,000. Finally, Victory Capital Management Inc. bought a new position in American Outdoor Brands during the third quarter worth about $217,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.
AOBC opened at $13.52 on Friday. American Outdoor Brands Corp has a 1 year low of $8.32 and a 1 year high of $15.95. The stock has a market capitalization of $751.66 million, a price-to-earnings ratio of 29.39 and a beta of 0.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 2.60.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.09. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. The firm had revenue of $138.83 million for the quarter, compared to the consensus estimate of $138.00 million. On average, analysts expect that American Outdoor Brands Corp will post 0.67 EPS for the current fiscal year.
AOBC has been the topic of several recent analyst reports. BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 14th. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. ValuEngine raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Craig Hallum downgraded American Outdoor Brands from a “buy” rating to a “hold” rating and dropped their price target for the company from $15.00 to $13.00 in a research note on Thursday, November 1st. Finally, Wedbush set a $15.00 price target on American Outdoor Brands and gave the company a “buy” rating in a research note on Saturday, September 1st. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $14.60.
In other news, Director Robert H. Brust purchased 4,240 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were purchased at an average price of $14.83 per share, with a total value of $62,879.20. Following the purchase, the director now directly owns 12,366 shares of the company’s stock, valued at approximately $183,387.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John B. Furman sold 10,000 shares of American Outdoor Brands stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $14.50, for a total value of $145,000.00. Following the completion of the sale, the director now directly owns 32,834 shares in the company, valued at approximately $476,093. The disclosure for this sale can be found here. Company insiders own 2.47% of the company’s stock.
American Outdoor Brands Company Profile
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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