Royce & Associates LP Increases Position in AMMO, Inc. (NASDAQ:POWW)

Royce & Associates LP raised its position in AMMO, Inc. (NASDAQ:POWW) by 35.8% during the fourth quarter, Holdings Channel reports. The firm owned 44,022 shares of the company’s stock after buying an additional 11,614 shares during the quarter. Royce & Associates LP’s holdings in AMMO were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balentine LLC purchased a new stake in AMMO in the fourth quarter valued at approximately $17,622,000. State Street Corp raised its position in AMMO by 0.7% in the third quarter. State Street Corp now owns 1,666,566 shares of the company’s stock valued at $2,383,000 after purchasing an additional 11,235 shares during the period. First Eagle Investment Management LLC raised its position in AMMO by 0.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,508,870 shares of the company’s stock valued at $1,660,000 after purchasing an additional 10,000 shares during the period. Empowered Funds LLC raised its position in AMMO by 5.1% in the fourth quarter. Empowered Funds LLC now owns 600,757 shares of the company’s stock valued at $661,000 after purchasing an additional 29,217 shares during the period. Finally, Sapient Capital LLC purchased a new stake in AMMO in the fourth quarter valued at approximately $165,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.

AMMO Stock Up 2.9 %

Shares of NASDAQ POWW opened at $1.44 on Friday. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.94. The business’s 50 day moving average is $1.60 and its two-hundred day moving average is $1.37. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $171.01 million, a price-to-earnings ratio of -6.86 and a beta of 0.50.

AMMO 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.