American Outdoor Brands Corp (NASDAQ:AOBC) shares were up 8% on Friday . The stock traded as high as $9.02 and last traded at $9.01. Approximately 1,391,262 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 774,075 shares. The stock had previously closed at $8.34.
AOBC has been the subject of several research reports. ValuEngine lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Monday, April 1st. BidaskClub raised shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 11th. Finally, Wedbush decreased their price target on shares of American Outdoor Brands from $15.30 to $13.50 and set an “outperform” rating for the company in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.40.
The firm’s fifty day moving average price is $8.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.68 and a quick ratio of 1.21. The firm has a market capitalization of $493.77 million, a price-to-earnings ratio of 10.86 and a beta of 0.08.
In other American Outdoor Brands news, Director Michael F. Golden sold 20,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.01, for a total transaction of $200,200.00. Following the completion of the transaction, the director now directly owns 256,432 shares of the company’s stock, valued at approximately $2,566,884.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $9.25, for a total transaction of $92,500.00. Following the transaction, the director now directly owns 78,363 shares of the company’s stock, valued at $724,857.75. The disclosure for this sale can be found here. Insiders sold a total of 48,000 shares of company stock valued at $472,880 over the last ninety days. Company insiders own 2.47% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AOBC. Captrust Financial Advisors acquired a new stake in shares of American Outdoor Brands during the 4th quarter worth about $29,000. Pearl River Capital LLC increased its holdings in American Outdoor Brands by 196.9% during the 1st quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after purchasing an additional 3,150 shares during the period. AlphaCrest Capital Management LLC bought a new stake in American Outdoor Brands during the 4th quarter valued at $172,000. Metropolitan Life Insurance Co. NY boosted its position in American Outdoor Brands by 314.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock valued at $208,000 after acquiring an additional 12,272 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new stake in American Outdoor Brands during the 4th quarter valued at $297,000. 66.93% of the stock is owned by hedge funds and other institutional investors.
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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