BlackRock Inc. Purchases 556,464 Shares of American Outdoor Brands Corp (NASDAQ:AOBC)

BlackRock Inc. boosted its position in American Outdoor Brands Corp (NASDAQ:AOBC) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,107,511 shares of the company’s stock after acquiring an additional 556,464 shares during the period. BlackRock Inc. owned 13.03% of American Outdoor Brands worth $91,403,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. FNY Investment Advisers LLC boosted its stake 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 acquiring an additional 1,885 shares during the period. Victory Capital Management Inc. bought a new position in shares of American Outdoor Brands during the 3rd quarter worth approximately $217,000. Jefferies Group LLC bought a new position in shares of American Outdoor Brands during the 3rd quarter worth approximately $278,000. Algert Global LLC bought a new position in shares of American Outdoor Brands during the 3rd quarter worth approximately $292,000. Finally, Legal & General Group Plc boosted its stake in shares of American Outdoor Brands by 52.6% during the 3rd quarter. Legal & General Group Plc now owns 21,211 shares of the company’s stock worth $329,000 after acquiring an additional 7,307 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s stock.

In other American Outdoor Brands news, Director Robert L. Scott sold 10,000 shares of the company’s 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 sale, the director now owns 78,363 shares in the company, valued at approximately $724,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.47% of the company’s stock.

AOBC has been the subject of several recent research reports. Zacks Investment Research downgraded American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. ValuEngine downgraded American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Sunday, March 31st. Finally, Wedbush downgraded American Outdoor Brands from an “outperform” rating to a “neutral” rating and cut their target price for the company from $13.50 to $11.00 in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.60.

AOBC remained flat at $$9.75 on Friday. The company’s stock had a trading volume of 1,284,623 shares, compared to its average volume of 803,815. American Outdoor Brands Corp has a fifty-two week low of $9.03 and a fifty-two week high of $15.95. 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 firm has a market cap of $531.94 million, a PE ratio of 21.20 and a beta of -0.11.

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

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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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