Merit Financial Group LLC Raises Position in AMMO, Inc. (NASDAQ:POWW)

Merit Financial Group LLC lifted its stake in shares of AMMO, Inc. (NASDAQ:POWW) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,800 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Merit Financial Group LLC’s holdings in AMMO were worth $161,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in AMMO during the 3rd quarter worth $27,000. Hurlow Wealth Management Group Inc. acquired a new stake in shares of AMMO during the fourth quarter valued at about $28,000. Premier Path Wealth Partners LLC purchased a new stake in shares of AMMO during the fourth quarter worth about $32,000. Cutter & CO Brokerage Inc. acquired a new position in shares of AMMO in the fourth quarter worth about $40,000. Finally, SG Americas Securities LLC purchased a new position in AMMO in the third quarter valued at about $53,000. 26.40% of the stock is owned by institutional investors and hedge funds.

AMMO Price Performance

POWW stock opened at $2.46 on Friday. The company has a market capitalization of $291.90 million, a PE ratio of -17.28 and a beta of 0.41. The company has a quick ratio of 2.99, a current ratio of 4.85 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $2.56 and its two-hundred day moving average is $2.36. AMMO, Inc. has a 52-week low of $1.60 and a 52-week high of $3.15.

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

Insiders Place Their Bets

In other news, insider Fred W. Wagenhals sold 221,138 shares of the company’s 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 sale, the insider now owns 7,066,700 shares in the company, valued at approximately $17,172,081. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 25.00% of the stock is owned by company insiders.

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.