Confluence Investment Management LLC Acquires Shares of 262,902 American Outdoor Brands, Inc. (NASDAQ:AOUT)

Confluence Investment Management LLC acquired a new stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) during the first quarter, HoldingsChannel.com reports. The fund acquired 262,902 shares of the company’s stock, valued at approximately $2,314,000.

A number of other hedge funds have also recently modified their holdings of AOUT. Barclays PLC purchased a new position in shares of American Outdoor Brands in the 3rd quarter valued at $60,000. Acadian Asset Management LLC grew its position in shares of American Outdoor Brands by 139.5% in the 3rd quarter. Acadian Asset Management LLC now owns 36,724 shares of the company’s stock valued at $358,000 after buying an additional 21,388 shares during the last quarter. Brandes Investment Partners LP purchased a new position in shares of American Outdoor Brands in the 3rd quarter valued at $2,101,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Outdoor Brands in the 3rd quarter valued at $116,000. Finally, White Pine Capital LLC grew its position in shares of American Outdoor Brands by 4.7% in the 4th quarter. White Pine Capital LLC now owns 66,412 shares of the company’s stock valued at $558,000 after buying an additional 2,998 shares during the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

American Outdoor Brands Trading Up 0.7 %

NASDAQ AOUT traded up $0.06 during trading on Tuesday, reaching $8.39. The company’s stock had a trading volume of 3,583 shares, compared to its average volume of 29,802. American Outdoor Brands, Inc. has a twelve month low of $7.19 and a twelve month high of $10.35. The business’s fifty day moving average price is $8.21 and its 200-day moving average price is $8.40.

About American Outdoor Brands

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.