MetLife Investment Management LLC Makes New $82,000 Investment in Outdoor Holding Company $POWW

MetLife Investment Management LLC acquired a new stake in Outdoor Holding Company (NASDAQ:POWW) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 59,441 shares of the company’s stock, valued at approximately $82,000. MetLife Investment Management LLC owned approximately 0.05% of Outdoor at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of POWW. Balentine LLC grew its stake in Outdoor by 0.5% during the 1st quarter. Balentine LLC now owns 16,100,000 shares of the company’s stock worth $22,218,000 after purchasing an additional 80,000 shares in the last quarter. Kanen Wealth Management LLC purchased a new stake in Outdoor during the 1st quarter worth about $5,109,000. Charles Schwab Investment Management Inc. lifted its holdings in Outdoor by 11.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 734,569 shares of the company’s stock worth $1,014,000 after buying an additional 74,013 shares during the last quarter. Focus Partners Wealth lifted its holdings in Outdoor by 10.6% during the 4th quarter. Focus Partners Wealth now owns 532,612 shares of the company’s stock worth $586,000 after buying an additional 51,197 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Outdoor by 29.0% in the 4th quarter. Nuveen Asset Management LLC now owns 272,165 shares of the company’s stock valued at $299,000 after purchasing an additional 61,136 shares during the last quarter. 26.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on POWW shares. Zacks Research raised Outdoor from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen upgraded Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Lake Street Capital lowered their price target on Outdoor from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday, June 23rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1.75.

Outdoor Stock Up 4.9%

Shares of Outdoor stock opened at $1.51 on Thursday. The company has a market capitalization of $176.84 million, a PE ratio of -3.28 and a beta of 1.19. Outdoor Holding Company has a 1-year low of $0.95 and a 1-year high of $2.14. The business has a 50-day moving average of $1.30 and a 200-day moving average of $1.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.28 and a quick ratio of 3.28.

About Outdoor

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.