Confluence Investment Management LLC Purchases 121,606 Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT)

Confluence Investment Management LLC boosted its stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUTGet Rating) by 45.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,759 shares of the company’s stock after purchasing an additional 121,606 shares during the quarter. Confluence Investment Management LLC owned about 2.90% of American Outdoor Brands worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in American Outdoor Brands during the fourth quarter valued at about $201,000. Engineers Gate Manager LP bought a new stake in American Outdoor Brands during the first quarter valued at about $157,000. Principal Financial Group Inc. bought a new stake in American Outdoor Brands during the fourth quarter valued at about $256,000. Goldman Sachs Group Inc. boosted its position in American Outdoor Brands by 21.1% during the first quarter. Goldman Sachs Group Inc. now owns 14,895 shares of the company’s stock valued at $196,000 after purchasing an additional 2,593 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in American Outdoor Brands during the first quarter valued at about $230,000. Institutional investors own 64.68% of the company’s stock.

American Outdoor Brands Trading Up 0.3 %

Shares of NASDAQ:AOUT opened at $9.51 on Friday. American Outdoor Brands, Inc. has a 52-week low of $7.10 and a 52-week high of $26.13. The stock has a market cap of $127.98 million, a price-to-earnings ratio of -1.72 and a beta of 0.20. The company has a quick ratio of 1.86, a current ratio of 6.09 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $8.40 and a 200-day moving average price of $10.97.

American Outdoor Brands (NASDAQ:AOUTGet Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). American Outdoor Brands had a positive return on equity of 6.25% and a negative net margin of 32.13%. The firm had revenue of $43.70 million during the quarter, compared to analysts’ expectations of $45.11 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was down 28.1% compared to the same quarter last year. Equities analysts predict that American Outdoor Brands, Inc. will post 0.53 EPS for the current year.

Insider Transactions at American Outdoor Brands

In other news, CEO Brian Daniel Murphy acquired 11,333 shares of American Outdoor Brands stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of $8.95 per share, for a total transaction of $101,430.35. Following the completion of the purchase, the chief executive officer now directly owns 146,010 shares in the company, valued at approximately $1,306,789.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Brian Daniel Murphy purchased 11,333 shares of American Outdoor Brands stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average cost of $8.95 per share, for a total transaction of $101,430.35. Following the completion of the transaction, the chief executive officer now owns 146,010 shares in the company, valued at $1,306,789.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry M. Monheit purchased 10,000 shares of American Outdoor Brands stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of $9.05 per share, with a total value of $90,500.00. Following the completion of the transaction, the director now owns 29,790 shares of the company’s stock, valued at approximately $269,599.50. The disclosure for this purchase can be found here. Insiders bought a total of 32,333 shares of company stock worth $290,930 over the last three months. 1.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Cowen dropped their price objective on American Outdoor Brands from $23.00 to $11.00 in a research report on Tuesday, August 2nd. B. Riley upgraded American Outdoor Brands from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, August 30th. Lake Street Capital decreased their price target on American Outdoor Brands from $20.00 to $14.00 in a research note on Friday, September 9th. Roth Capital began coverage on American Outdoor Brands in a research note on Thursday, July 21st. They issued a “buy” rating and a $11.00 price target for the company. Finally, Cowen decreased their price target on American Outdoor Brands from $23.00 to $11.00 in a research note on Tuesday, August 2nd.

About American Outdoor Brands

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American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.

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

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