Teton Advisors Inc. increased its stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Rating) by 112.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,000 shares of the company's stock after purchasing an additional 36,000 shares during the period. Teton Advisors Inc. owned approximately 0.51% of American Outdoor Brands worth $893,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Engineers Gate Manager LP acquired a new position in American Outdoor Brands in the first quarter valued at about $157,000. HighTower Advisors LLC grew its stake in American Outdoor Brands by 23.6% in the first quarter. HighTower Advisors LLC now owns 12,472 shares of the company's stock valued at $163,000 after acquiring an additional 2,384 shares during the period. Goldman Sachs Group Inc. grew its stake in American Outdoor Brands by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 14,895 shares of the company's stock valued at $196,000 after acquiring an additional 2,593 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in American Outdoor Brands in the first quarter valued at about $230,000. Finally, Principal Financial Group Inc. acquired a new position in American Outdoor Brands in the fourth quarter valued at about $256,000. 64.68% of the stock is owned by institutional investors and hedge funds.
Get American Outdoor Brands alerts:Analysts Set New Price Targets
A number of research analysts have issued reports on AOUT shares. B. Riley raised American Outdoor Brands from a "neutral" rating to a "buy" rating and set a $11.00 target price for the company in a research note on Tuesday, August 30th. Cowen cut their price target on American Outdoor Brands from $23.00 to $11.00 in a report on Tuesday, August 2nd. Roth Capital began coverage on American Outdoor Brands in a report on Thursday, July 21st. They issued a "buy" rating and a $11.00 price target on the stock. Lake Street Capital dropped their price objective on American Outdoor Brands from $20.00 to $14.00 in a research note on Friday, September 9th. Finally, Cowen dropped their price objective on American Outdoor Brands from $23.00 to $11.00 in a research note on Tuesday, August 2nd.
Insider Activity
In other news, CFO Hugh Andrew Fulmer bought 11,000 shares of the firm's stock in a transaction dated Monday, September 12th. The shares were bought at an average price of $9.00 per share, with a total value of $99,000.00. Following the completion of the transaction, the chief financial officer now owns 73,725 shares of the company's stock, valued at $663,525. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Brian Daniel Murphy purchased 11,333 shares of American Outdoor Brands stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average price of $8.95 per share, with a total value of $101,430.35. Following the completion of the transaction, the chief executive officer now directly owns 146,010 shares of the company's stock, valued at approximately $1,306,789.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Hugh Andrew Fulmer purchased 11,000 shares of American Outdoor Brands stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average cost of $9.00 per share, for a total transaction of $99,000.00. Following the transaction, the chief financial officer now directly owns 73,725 shares of the company's stock, valued at $663,525. The disclosure for this purchase can be found here. 1.87% of the stock is owned by company insiders.American Outdoor Brands Price Performance
American Outdoor Brands stock opened at $9.35 on Wednesday. American Outdoor Brands, Inc. has a 12 month low of $7.10 and a 12 month high of $26.13. The stock's 50 day moving average is $8.40 and its 200-day moving average is $11.06. The company has a current ratio of 6.09, a quick ratio of 1.86 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $125.82 million, a price-to-earnings ratio of -1.69 and a beta of 0.20.
American Outdoor Brands (NASDAQ:AOUT – Get Rating) last posted its earnings results on Thursday, September 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). American Outdoor Brands had a negative net margin of 32.13% and a positive return on equity of 6.25%. The firm had revenue of $43.70 million during the quarter, compared to analyst estimates of $45.11 million. During the same period in the previous year, the company posted $0.44 EPS. American Outdoor Brands's revenue for the quarter was down 28.1% compared to the same quarter last year. Equities research analysts expect that American Outdoor Brands, Inc. will post 0.84 EPS for the current year.
About American Outdoor Brands
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American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.
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