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 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.
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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