AWH Capital L.P. Takes $634,000 Position in Outdoor Holding Company $POWW

AWH Capital L.P. purchased a new stake in Outdoor Holding Company (NASDAQ:POWW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 495,000 shares of the company’s stock, valued at approximately $634,000. Outdoor makes up 0.7% of AWH Capital L.P.’s holdings, making the stock its 20th biggest holding. AWH Capital L.P. owned about 0.42% of Outdoor as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in Outdoor in the first quarter valued at approximately $29,000. MetLife Investment Management LLC acquired a new stake in shares of Outdoor in the 1st quarter valued at $82,000. Jane Street Group LLC boosted its holdings in Outdoor by 114.4% in the first quarter. Jane Street Group LLC now owns 148,855 shares of the company’s stock worth $205,000 after purchasing an additional 79,416 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Outdoor during the first quarter worth $214,000. Finally, Invesco Ltd. increased its position in Outdoor by 5.4% during the first quarter. Invesco Ltd. now owns 193,963 shares of the company’s stock worth $268,000 after buying an additional 10,010 shares during the last quarter. Institutional investors own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

POWW has been the subject of a number of analyst reports. Lake Street Capital boosted their price target on Outdoor from $2.00 to $2.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Roth Capital raised Outdoor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $1.40 to $2.25 in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d)” rating on shares of Outdoor in a report on Monday. Wall Street Zen upgraded Outdoor from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Zacks Research raised shares of Outdoor from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Outdoor has an average rating of “Hold” and an average target price of $2.38.

Outdoor Stock Performance

Shares of NASDAQ POWW opened at $1.98 on Friday. Outdoor Holding Company has a 12 month low of $0.95 and a 12 month high of $2.14. The company has a market cap of $231.88 million, a P/E ratio of -9.90 and a beta of 1.20. The business’s 50 day moving average is $1.70 and its two-hundred day moving average is $1.48. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

Outdoor (NASDAQ:POWW) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. The company had revenue of $11.98 million during the quarter, compared to analyst estimates of $11.63 million. On average, equities analysts expect that Outdoor Holding Company will post 0.09 EPS for the current year.

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.