American Outdoor Brands Corp (AOBC) Position Increased by Ibex Investors LLC

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Ibex Investors LLC increased its holdings in shares of American Outdoor Brands Corp (NASDAQ:AOBC) by 25.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,465 shares of the company’s stock after buying an additional 16,246 shares during the quarter. Ibex Investors LLC’s holdings in American Outdoor Brands were worth $742,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of American Outdoor Brands during the 4th quarter worth $29,000. FNY Investment Advisers LLC lifted its position in shares of American Outdoor Brands by 187.2% during the 4th quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock worth $37,000 after buying an additional 1,885 shares during the last quarter. Pearl River Capital LLC lifted its position in shares of American Outdoor Brands by 196.9% during the 1st quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after buying an additional 3,150 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of American Outdoor Brands during the 4th quarter worth $172,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of American Outdoor Brands by 314.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock worth $208,000 after buying an additional 12,272 shares during the last quarter. Institutional investors and hedge funds own 73.55% of the company’s stock.

Several analysts recently weighed in on AOBC shares. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 8th. Wedbush downgraded American Outdoor Brands from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $13.50 to $11.00 in a research report on Wednesday, March 13th. Finally, BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.60.

American Outdoor Brands stock traded down $0.07 during trading hours on Wednesday, hitting $9.37. The stock had a trading volume of 3,298 shares, compared to its average volume of 740,437. The company has a current ratio of 2.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $508.48 million, a PE ratio of 20.52 and a beta of -0.08. American Outdoor Brands Corp has a one year low of $9.03 and a one year high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $162.01 million during the quarter, compared to the consensus estimate of $162.55 million. American Outdoor Brands had a return on equity of 10.47% and a net margin of 2.56%. As a group, analysts predict that American Outdoor Brands Corp will post 0.73 earnings per share for the current fiscal year.

In other news, Director Robert L. Scott sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $9.25, for a total value of $92,500.00. Following the completion of the sale, the director now owns 78,363 shares of the company’s stock, valued at $724,857.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael F. Golden sold 20,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.01, for a total value of $200,200.00. Following the completion of the sale, the director now directly owns 256,432 shares of the company’s stock, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. Insiders sold 48,000 shares of company stock valued at $472,880 over the last quarter. Corporate insiders own 2.47% of the company’s stock.

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About American Outdoor Brands

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

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