Teton Advisors LLC Purchases New Position in American Outdoor Brands, Inc. $AOUT

Teton Advisors LLC purchased a new stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,957 shares of the company’s stock, valued at approximately $1,007,000. Teton Advisors LLC owned about 0.92% of American Outdoor Brands as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AOUT. Brandes Investment Partners LP lifted its position in shares of American Outdoor Brands by 6.5% during the 2nd quarter. Brandes Investment Partners LP now owns 1,219,798 shares of the company’s stock worth $12,747,000 after buying an additional 74,107 shares during the last quarter. Royce & Associates LP grew its position in shares of American Outdoor Brands by 16.0% in the 3rd quarter. Royce & Associates LP now owns 859,233 shares of the company’s stock valued at $7,458,000 after buying an additional 118,604 shares during the last quarter. Geode Capital Management LLC grew its position in shares of American Outdoor Brands by 104.7% in the 2nd 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 last quarter. Bridgeway Capital Management LLC raised its stake in American Outdoor Brands by 1.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock worth $1,300,000 after acquiring an additional 2,180 shares in the last quarter. Finally, White Pine Capital LLC lifted its position in American Outdoor Brands by 1.9% in the second quarter. White Pine Capital LLC now owns 69,475 shares of the company’s stock valued at $726,000 after acquiring an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AOUT. Lake Street Capital decreased their price objective on shares of American Outdoor Brands from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Roth Mkm reduced their target price on American Outdoor Brands from $11.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Wall Street Zen raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, American Outdoor Brands presently has an average rating of “Hold” and an average target price of $12.50.

American Outdoor Brands Price Performance

AOUT stock opened at $8.85 on Friday. The company has a market cap of $111.42 million, a price-to-earnings ratio of -19.67 and a beta of 0.40. The company has a fifty day moving average price of $8.87 and a 200 day moving average price of $8.32. American Outdoor Brands, Inc. has a 12 month low of $6.26 and a 12 month high of $15.67.

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.