Parsons Capital Management Inc. RI Has $311,000 Stake in AMMO, Inc. (NASDAQ:POWW)

Parsons Capital Management Inc. RI cut its stake in AMMO, Inc. (NASDAQ:POWW) by 23.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,270 shares of the company’s stock after selling 70,500 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in AMMO were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. ProShare Advisors LLC boosted its stake in AMMO by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company’s stock worth $28,000 after acquiring an additional 8,312 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of AMMO in the 4th quarter valued at $41,000. Intech Investment Management LLC increased its position in shares of AMMO by 175.6% in the 4th quarter. Intech Investment Management LLC now owns 42,033 shares of the company’s stock valued at $46,000 after buying an additional 26,783 shares in the last quarter. Royce & Associates LP increased its position in shares of AMMO by 35.8% in the 4th quarter. Royce & Associates LP now owns 44,022 shares of the company’s stock valued at $48,000 after buying an additional 11,614 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in AMMO during the 4th quarter worth $69,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

AMMO Price Performance

Shares of POWW opened at $1.47 on Thursday. The stock has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $1.49. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The firm has a market capitalization of $174.55 million, a PE ratio of -7.00 and a beta of 1.16.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut AMMO from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th.

AMMO Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.