Insider Selling: American Outdoor Brands Corp (NASDAQ:AOBC) Director Sells 18,000 Shares of Stock

American Outdoor Brands Corp (NASDAQ:AOBC) Director Michael F. Golden sold 18,000 shares of American Outdoor Brands stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $10.01, for a total value of $180,180.00. Following the completion of the transaction, the director now owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of American Outdoor Brands stock traded down $0.18 on Friday, hitting $9.21. 456,048 shares of the company traded hands, compared to its average volume of 731,708. The company has a quick ratio of 1.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.51. American Outdoor Brands Corp has a 12-month low of $9.03 and a 12-month high of $15.95. The stock has a market cap of $502.48 million, a P/E ratio of 20.02 and a beta of -0.08.

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

Large investors have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in American Outdoor Brands in the fourth quarter worth $29,000. FNY Investment Advisers LLC boosted its holdings in American Outdoor Brands by 187.2% during the fourth quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock valued at $37,000 after acquiring an additional 1,885 shares during the period. Pearl River Capital LLC boosted its holdings in American Outdoor Brands by 196.9% during the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock valued at $44,000 after acquiring an additional 3,150 shares during the period. Great West Life Assurance Co. Can boosted its holdings in American Outdoor Brands by 73.9% during the first quarter. Great West Life Assurance Co. Can now owns 9,253 shares of the company’s stock valued at $86,000 after acquiring an additional 3,932 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in American Outdoor Brands by 62.9% during the first quarter. Federated Investors Inc. PA now owns 9,693 shares of the company’s stock valued at $91,000 after acquiring an additional 3,742 shares during the period. Hedge funds and other institutional investors own 73.55% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub cut American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush downgraded shares of 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 note on Wednesday, March 13th. Finally, ValuEngine raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. American Outdoor Brands currently has a consensus rating of “Hold” and a consensus target price of $13.60.

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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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