American Outdoor Brands (NASDAQ:AOBC) Stock Price Up 5.2%

Shares of American Outdoor Brands Corp (NASDAQ:AOBC) rose 5.2% during mid-day trading on Wednesday . The company traded as high as $9.06 and last traded at $9.04, approximately 1,095,815 shares were traded during mid-day trading. An increase of 27% from the average daily volume of 864,984 shares. The stock had previously closed at $8.59.

AOBC has been the topic of a number of analyst reports. Lake Street Capital restated a “buy” rating and issued a $14.00 price objective (down previously from $17.00) on shares of American Outdoor Brands in a research report on Friday, August 30th. Craig Hallum restated a “buy” rating and issued a $12.00 price objective (up previously from $10.00) on shares of American Outdoor Brands in a research report on Thursday, November 14th. ValuEngine upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cowen set a $10.00 price objective on shares of American Outdoor Brands and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, BidaskClub upgraded shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $10.70.

The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $7.76 and its 200-day simple moving average is $7.92. The stock has a market cap of $479.14 million, a PE ratio of 10.89 and a beta of 0.35.

In related news, Director John B. Furman sold 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.95, for a total transaction of $69,500.00. Following the transaction, the director now owns 38,335 shares in the company, valued at $266,428.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.68% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AOBC. Tower Research Capital LLC TRC increased its position in shares of American Outdoor Brands by 609.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the company’s stock valued at $29,000 after buying an additional 4,306 shares during the period. Metropolitan Life Insurance Co NY increased its position in shares of American Outdoor Brands by 12.3% during the third quarter. Metropolitan Life Insurance Co NY now owns 16,336 shares of the company’s stock valued at $96,000 after buying an additional 1,789 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of American Outdoor Brands during the second quarter valued at about $114,000. AMP Capital Investors Ltd purchased a new position in shares of American Outdoor Brands during the second quarter valued at about $120,000. Finally, Jane Street Group LLC increased its position in shares of American Outdoor Brands by 80.3% during the second quarter. Jane Street Group LLC now owns 14,495 shares of the company’s stock valued at $131,000 after buying an additional 6,455 shares during the period. Institutional investors own 70.61% of the company’s stock.

About American Outdoor Brands (NASDAQ:AOBC)

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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