Monarch Partners Asset Management LLC bought a new stake in American Outdoor Brands Corp (NASDAQ:AOBC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,320 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in American Outdoor Brands by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 355,754 shares of the company’s stock valued at $4,280,000 after buying an additional 25,903 shares during the last quarter. Alps Advisors Inc. acquired a new stake in American Outdoor Brands in the 2nd quarter valued at approximately $431,000. Raymond James Financial Services Advisors Inc. raised its position in American Outdoor Brands by 87.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 135,805 shares of the company’s stock valued at $1,634,000 after buying an additional 63,504 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in American Outdoor Brands in the 2nd quarter valued at approximately $2,118,000. Finally, Unison Advisors LLC acquired a new stake in American Outdoor Brands in the 2nd quarter valued at approximately $282,000. 67.45% of the stock is currently owned by institutional investors and hedge funds.

AOBC stock opened at $10.24 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.69 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $521.39 million, a price-to-earnings ratio of 22.30 and a beta of -0.24. American Outdoor Brands Corp has a twelve month low of $8.32 and a twelve month high of $19.10.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Wednesday, June 20th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.13. The firm had revenue of $172.00 million during the quarter, compared to the consensus estimate of $166.83 million. American Outdoor Brands had a return on equity of 6.27% and a net margin of 3.32%. The business’s revenue was down 25.0% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. research analysts predict that American Outdoor Brands Corp will post 0.54 earnings per share for the current fiscal year.

AOBC has been the topic of a number of recent research reports. BidaskClub raised American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine downgraded American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Cowen downgraded American Outdoor Brands from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research note on Thursday, June 21st. Finally, Wedbush raised their price target on American Outdoor Brands from $13.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday, June 21st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. American Outdoor Brands presently has an average rating of “Hold” and a consensus target price of $16.44.

American Outdoor Brands Company Profile

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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Institutional Ownership by Quarter for American Outdoor Brands (NASDAQ:AOBC)

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