American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Acquired by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC raised its holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,500 shares of the company’s stock after purchasing an additional 21,500 shares during the period. American Outdoor Brands comprises 1.2% of Diversified Investment Strategies LLC’s holdings, making the stock its 18th largest position. Diversified Investment Strategies LLC’s holdings in American Outdoor Brands were worth $1,791,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its stake in American Outdoor Brands by 70.8% in the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock valued at $6,178,000 after buying an additional 289,229 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of American Outdoor Brands during the second quarter valued at approximately $259,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Outdoor Brands in the third quarter valued at approximately $114,000. Geode Capital Management LLC boosted its stake in shares of American Outdoor Brands by 4.6% in the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after acquiring an additional 6,092 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of American Outdoor Brands during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital raised their price objective on American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a report on Monday.

American Outdoor Brands Trading Up 5.5 %

AOUT opened at $17.04 on Wednesday. American Outdoor Brands, Inc. has a twelve month low of $7.45 and a twelve month high of $17.45. The firm has a market capitalization of $217.43 million, a PE ratio of -28.88 and a beta of 0.26. The firm’s 50-day moving average price is $14.11 and its 200 day moving average price is $10.82.

American Outdoor Brands (NASDAQ:AOUT) last issued its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. As a group, analysts predict that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current fiscal year.

American Outdoor Brands Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.