Royce & Associates LP Sells 66,794 Shares of American Outdoor Brands, Inc. $AOUT

Royce & Associates LP reduced its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 792,439 shares of the company’s stock after selling 66,794 shares during the period. Royce & Associates LP owned approximately 6.30% of American Outdoor Brands worth $6,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its stake in shares of American Outdoor Brands by 7.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 309,813 shares of the company’s stock valued at $2,395,000 after buying an additional 21,100 shares during the period. Geode Capital Management LLC boosted its stake in shares of American Outdoor Brands by 104.7% in the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after buying an additional 150,202 shares during the period. Argos Wealth Advisors LLC bought a new stake in shares of American Outdoor Brands in the fourth quarter valued at approximately $975,000. Bridgeway Capital Management LLC boosted its stake in shares of American Outdoor Brands by 1.8% in the second quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock valued at $1,300,000 after buying an additional 2,180 shares during the period. Finally, Diversified Investment Strategies LLC boosted its stake in shares of American Outdoor Brands by 2.6% in the fourth quarter. Diversified Investment Strategies LLC now owns 120,000 shares of the company’s stock valued at $928,000 after buying an additional 3,000 shares during the period. 49.87% of the stock is currently owned by institutional investors.

American Outdoor Brands Price Performance

NASDAQ AOUT opened at $10.14 on Friday. The business has a fifty day moving average price of $9.27 and a two-hundred day moving average price of $8.60. American Outdoor Brands, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $13.46. The stock has a market capitalization of $127.72 million, a PE ratio of -13.00 and a beta of 0.28.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.