10,500 Shares in AMMO, Inc. (NASDAQ:POWW) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of AMMO, Inc. (NASDAQ:POWW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,500 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Premier Path Wealth Partners LLC acquired a new position in AMMO during the fourth quarter worth $32,000. Fortitude Family Office LLC acquired a new position in AMMO during the fourth quarter worth $651,000. Hurlow Wealth Management Group Inc. acquired a new position in AMMO during the fourth quarter worth $28,000. Horizon Family Wealth Inc. acquired a new position in AMMO during the third quarter worth $884,000. Finally, Principal Financial Group Inc. acquired a new position in AMMO during the third quarter worth $27,000. 26.40% of the stock is owned by hedge funds and other institutional investors.

AMMO Stock Performance

NASDAQ:POWW opened at $2.56 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.99 and a current ratio of 4.85. The company has a fifty day moving average of $2.53 and a two-hundred day moving average of $2.36. The stock has a market capitalization of $303.77 million, a PE ratio of -18.28 and a beta of 0.36. AMMO, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $3.15.

AMMO (NASDAQ:POWW) last issued its earnings results on Thursday, February 8th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $36.01 million during the quarter, compared to analysts’ expectations of $33.10 million. AMMO had a negative net margin of 8.88% and a positive return on equity of 3.28%. As a group, research analysts forecast that AMMO, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Fred W. Wagenhals sold 221,138 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $2.43, for a total value of $537,365.34. Following the completion of the sale, the insider now directly owns 7,066,700 shares in the company, valued at $17,172,081. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 25.00% of the company’s stock.

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.