Quantum Capital Management acquired a new position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,332 shares of the company’s stock, valued at approximately $173,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its stake in American Outdoor Brands Corporation by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock worth $107,892,000 after buying an additional 133,299 shares during the last quarter. LSV Asset Management grew its stake in American Outdoor Brands Corporation by 7.9% during the 2nd quarter. LSV Asset Management now owns 1,992,648 shares of the company’s stock worth $44,157,000 after buying an additional 146,547 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $39,185,000. Royal Bank of Canada grew its stake in American Outdoor Brands Corporation by 3.8% during the 2nd quarter. Royal Bank of Canada now owns 1,663,306 shares of the company’s stock worth $36,859,000 after buying an additional 61,374 shares during the last quarter. Finally, State Street Corp grew its stake in American Outdoor Brands Corporation by 6.7% during the 2nd quarter. State Street Corp now owns 1,036,174 shares of the company’s stock worth $22,962,000 after buying an additional 64,749 shares during the last quarter. Hedge funds and other institutional investors own 69.91% of the company’s stock.

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Shares of American Outdoor Brands Corporation (NASDAQ AOBC) traded up $0.14 during trading on Friday, hitting $13.49. The stock had a trading volume of 1,262,568 shares, compared to its average volume of 1,415,586. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.63. The firm has a market capitalization of $720.92, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.78 and a beta of -0.14. American Outdoor Brands Corporation has a twelve month low of $12.87 and a twelve month high of $25.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The company’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. equities research analysts expect that American Outdoor Brands Corporation will post 1.12 EPS for the current year.

Several research analysts have recently issued reports on the company. Lake Street Capital decreased their price target on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating for the company in a research note on Friday. Craig Hallum reissued a “hold” rating and issued a $17.00 price target on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Vetr raised American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target for the company in a research note on Monday, August 7th. Aegis reissued a “buy” rating and issued a $23.00 price target on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Finally, TheStreet cut American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.68.

American Outdoor Brands Corporation Company Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

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

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