JB Capital Partners LP Makes New Investment in Outdoor Holding Company $POWW

JB Capital Partners LP purchased a new position in shares of Outdoor Holding Company (NASDAQ:POWW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 550,000 shares of the company’s stock, valued at approximately $1,254,000,000. JB Capital Partners LP owned 0.47% of Outdoor as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Outdoor by 101.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock valued at $27,000 after acquiring an additional 9,283 shares during the period. Renaissance Technologies LLC lifted its position in Outdoor by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 576,000 shares of the company’s stock worth $985,000 after purchasing an additional 10,800 shares during the period. Geode Capital Management LLC lifted its position in Outdoor by 0.6% during the second quarter. Geode Capital Management LLC now owns 2,134,270 shares of the company’s stock worth $2,733,000 after purchasing an additional 11,729 shares during the period. Barclays PLC grew its stake in Outdoor by 10.6% during the fourth quarter. Barclays PLC now owns 135,012 shares of the company’s stock worth $231,000 after buying an additional 12,952 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in Outdoor by 2.5% during the first quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock worth $753,000 after buying an additional 13,130 shares in the last quarter. 26.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Roth Capital reiterated a “buy” rating on shares of Outdoor in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Outdoor presently has a consensus rating of “Buy” and an average target price of $2.62.

Outdoor Price Performance

POWW stock opened at $2.24 on Friday. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 0.04. The company’s fifty 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 firm has a market cap of $259.86 million, a price-to-earnings ratio of 74.69 and a beta of 1.02.

Outdoor (NASDAQ:POWW) last announced its quarterly earnings data 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 company had revenue of $14.48 million for the quarter, compared to the consensus estimate of $13.02 million. On average, analysts expect that Outdoor Holding Company will post 0.03 earnings per share for the current 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.