Millennium Management LLC Invests $673,000 in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Millennium Management LLC purchased a new position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,172 shares of the company’s stock, valued at approximately $673,000. Millennium Management LLC owned about 0.35% of American Outdoor Brands at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in shares of American Outdoor Brands by 4.4% during the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after acquiring an additional 979 shares during the period. Bridgeway Capital Management LLC grew its stake in American Outdoor Brands by 0.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 116,334 shares of the company’s stock worth $1,773,000 after purchasing an additional 979 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in American Outdoor Brands by 10.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,184 shares of the company’s stock worth $323,000 after purchasing an additional 2,087 shares during the period. Gabelli Funds LLC increased its holdings in American Outdoor Brands by 8.5% during the 4th quarter. Gabelli Funds LLC now owns 63,736 shares of the company’s stock worth $971,000 after purchasing an additional 5,001 shares during the period. Finally, Atria Investments Inc raised its position in American Outdoor Brands by 11.3% in the 4th quarter. Atria Investments Inc now owns 51,289 shares of the company’s stock valued at $782,000 after purchasing an additional 5,219 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Down 0.5%

NASDAQ AOUT opened at $11.83 on Friday. American Outdoor Brands, Inc. has a 52 week low of $8.00 and a 52 week high of $17.91. The stock has a market capitalization of $150.66 million, a PE ratio of -20.05 and a beta of 0.43. The firm has a 50 day moving average of $11.47 and a two-hundred day moving average of $13.53.

American Outdoor Brands Company Profile

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.