Empowered Funds LLC purchased a new position in Outdoor Holding Company (NASDAQ:POWW – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 532,957 shares of the company’s stock, valued at approximately $1,215,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Outdoor during the second quarter valued at about $16,646,000. JB Capital Partners LP bought a new stake in shares of Outdoor in the 2nd quarter valued at about $1,254,000. Arrowstreet Capital Limited Partnership purchased a new stake in Outdoor during the 1st quarter valued at about $1,116,000. AWH Capital L.P. purchased a new stake in Outdoor during the 2nd quarter valued at about $2,314,200. Finally, Orca Investment Management LLC bought a new position in Outdoor during the 2nd quarter worth approximately $977,000. 26.40% of the stock is currently owned by hedge funds and other institutional investors.
Outdoor Price Performance
POWW opened at $2.17 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.74 and a current ratio of 4.74. The stock has a market capitalization of $251.74 million, a PE ratio of 72.36 and a beta of 1.01. The stock’s 50 day moving average price is $2.25 and its 200-day moving average price is $2.12. Outdoor Holding Company has a 52-week low of $1.39 and a 52-week high of $2.67.
Analysts Set New Price Targets
Several analysts have weighed in on POWW shares. Weiss Ratings upgraded Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Roth Capital reissued a “buy” rating on shares of Outdoor in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $2.62.
Check Out Our Latest Stock Analysis on POWW
Outdoor Company Profile
AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.
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