JB Capital Partners LP Buys New Shares in Outdoor Holding Company $POWW

JB Capital Partners LP bought a new stake in Outdoor Holding Company (NASDAQ:POWW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 550,000 shares of the company’s stock, valued at approximately $1,254,000. JB Capital Partners LP owned 0.47% of Outdoor at the end of the most recent quarter.

Several other large investors also recently modified their holdings of POWW. Arrowstreet Capital Limited Partnership acquired a new position in shares of Outdoor during the first quarter valued at about $1,116,000. Orca Investment Management LLC bought a new stake in shares of Outdoor during the 2nd quarter valued at $977,000. Fisher Asset Management LLC purchased a new position in shares of Outdoor during the 4th quarter worth about $2,693,000. AWH Capital L.P. raised its position in shares of Outdoor by 5.5% in the 4th quarter. AWH Capital L.P. now owns 575,000 shares of the company’s stock worth $983,000 after acquiring an additional 30,000 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Outdoor in the fourth quarter valued at $32,000. 26.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on POWW. Weiss Ratings upgraded shares of Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Outdoor in a research note on Tuesday, August 11th. One equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $2.62.

Outdoor Stock Up 0.9%

Shares of POWW traded up $0.02 during trading hours on Friday, hitting $2.21. The company had a trading volume of 226,687 shares, compared to its average volume of 646,011. Outdoor Holding Company has a 52-week low of $1.39 and a 52-week high of $2.67. The firm has a fifty day moving average price of $2.26 and a 200-day moving average price of $2.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.74 and a current ratio of 4.74. The stock has a market capitalization of $256.38 million, a price-to-earnings ratio of 73.69 and a beta of 1.02.

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

About Outdoor

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.