Orca Investment Management LLC Invests $977,000 in Outdoor Holding Company $POWW

Orca Investment Management LLC purchased a new stake in shares of Outdoor Holding Company (NASDAQ:POWW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 428,500 shares of the company’s stock, valued at approximately $977,000. Orca Investment Management LLC owned 0.37% of Outdoor as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Kanen Wealth Management LLC grew its position in Outdoor by 32.2% in the third quarter. Kanen Wealth Management LLC now owns 11,494,006 shares of the company’s stock worth $16,891,000 after acquiring an additional 2,802,006 shares during the period. Fisher Asset Management LLC purchased a new stake in Outdoor in the fourth quarter valued at $2,693,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Outdoor in the 1st quarter valued at $1,116,000. UBS Group AG lifted its stake in shares of Outdoor by 609.6% in the 3rd quarter. UBS Group AG now owns 532,702 shares of the company’s stock valued at $788,000 after purchasing an additional 457,636 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Outdoor by 190.5% during the 2nd quarter. Jane Street Group LLC now owns 432,449 shares of the company’s stock worth $554,000 after purchasing an additional 283,594 shares during the period. 26.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

POWW has been the subject of a number of recent analyst reports. Roth Capital reissued a “buy” rating on shares of Outdoor in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Zacks Research raised shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Outdoor presently has an average rating of “Buy” and an average price target of $2.62.

Outdoor Stock Up 1.8%

POWW stock opened at $2.24 on Friday. The company’s 50 day moving average price is $2.22 and its 200 day moving average price is $2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.96 and a current ratio of 4.74. Outdoor Holding Company has a fifty-two week low of $1.25 and a fifty-two week high of $2.67. The firm has a market capitalization of $259.86 million, a price-to-earnings ratio of 74.69 and a beta of 1.02.

Outdoor (NASDAQ:POWW) last issued its earnings results on Monday, August 10th. The company reported $0.02 earnings per share for the quarter. Outdoor had a net margin of 12.08% and a return on equity of 1.90%. The firm had revenue of $14.48 million for the quarter, compared to analysts’ expectations of $13.02 million. On average, equities research analysts anticipate that Outdoor Holding Company will post 0.03 EPS for the current fiscal year.

Outdoor 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. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.