Royal Capital Wealth Management LLC acquired a new position in Outdoor Holding Company (NASDAQ:POWW – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 244,300 shares of the company’s stock, valued at approximately $557,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in Outdoor during the 2nd quarter valued at about $25,000. BNP Paribas Financial Markets grew its position in Outdoor by 101.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock worth $27,000 after acquiring an additional 9,283 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Outdoor in the 3rd quarter worth approximately $27,000. AQR Capital Management LLC purchased a new position in Outdoor in the 1st quarter worth approximately $29,000. Finally, R Squared Ltd bought a new stake in Outdoor in the fourth quarter valued at approximately $32,000. Institutional investors own 26.40% of the company’s stock.
Outdoor Stock Performance
Outdoor stock opened at $2.24 on Tuesday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $2.25 and a 200-day moving average of $2.10. The firm has a market cap of $259.86 million, a P/E ratio of 74.69 and a beta of 1.02. Outdoor Holding Company has a 1-year low of $1.39 and a 1-year high of $2.67.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on POWW. Zacks Research raised Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Roth Capital reiterated a “buy” rating on shares of Outdoor in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Outdoor has an average rating of “Buy” and a consensus price target of $2.62.
Read Our Latest Stock Report 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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