JB Capital Partners LP Purchases Shares of 550,000 Outdoor Holding Company $POWW

JB Capital Partners LP acquired a new position in shares of Outdoor Holding Company (NASDAQ:POWW) during the second quarter, Holdings Channel reports. The fund acquired 550,000 shares of the company’s stock, valued at approximately $1,254,000,000.

Several other large investors also recently made changes to their positions in the company. Kanen Wealth Management LLC increased its position in Outdoor by 1.7% in the 4th quarter. Kanen Wealth Management LLC now owns 11,691,882 shares of the company’s stock valued at $19,833,000 after buying an additional 197,876 shares in the last quarter. BlackRock Inc. acquired a new stake in Outdoor in the 2nd quarter valued at $16,646,000. Vanguard Group Inc. lifted its stake in shares of Outdoor by 3.4% in the third quarter. Vanguard Group Inc. now owns 5,358,634 shares of the company’s stock valued at $7,931,000 after buying an additional 175,691 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Outdoor by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,302,268 shares of the company’s stock valued at $3,938,000 after buying an additional 43,136 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Outdoor in the 4th quarter worth about $2,693,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

Outdoor Price Performance

Outdoor stock opened at $2.24 on Friday. The business’s 50 day simple moving average is $2.25 and its 200 day simple moving average is $2.09. Outdoor Holding Company has a 12 month low of $1.39 and a 12 month high of $2.67. The company has a market cap of $259.86 million, a price-to-earnings ratio of 74.69 and a beta of 1.02. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 0.04.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on POWW. Roth Capital reissued a “buy” rating on shares of Outdoor in a report on Tuesday, August 11th. Weiss Ratings upgraded Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded 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 issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2.62.

Outdoor Company 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.