Bessemer Group Inc. acquired a new position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,665 shares of the company’s stock, valued at approximately $575,000. Bessemer Group Inc. owned 0.07% of American Outdoor Brands Corporation at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in American Outdoor Brands Corporation during the second quarter worth $108,000. Pacad Investment Ltd. purchased a new stake in American Outdoor Brands Corporation during the second quarter worth $122,000. PNC Financial Services Group Inc. purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $110,000. Victory Capital Management Inc. purchased a new stake in American Outdoor Brands Corporation during the second quarter worth $125,000. Finally, Quantbot Technologies LP purchased a new stake in American Outdoor Brands Corporation during the second quarter worth $156,000. 69.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at $13.49 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.80. American Outdoor Brands Corporation has a 12-month low of $12.87 and a 12-month high of $25.01. The stock has a market capitalization of $720.92, a price-to-earnings ratio of 6.80, a PEG ratio of 0.78 and a beta of -0.14.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The company had revenue of $129.02 million during the quarter, compared to analysts’ expectations of $147.24 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was down 37.7% compared to the same quarter last year. sell-side analysts anticipate that American Outdoor Brands Corporation will post 1.12 EPS for the current fiscal year.

A number of analysts have commented on AOBC shares. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Aegis reiterated a “buy” rating and set a $25.00 target price on shares of American Outdoor Brands Corporation in a research report on Monday, August 21st. Cowen and Company reiterated a “buy” rating and set a $19.00 target price (down from $27.00) on shares of American Outdoor Brands Corporation in a research report on Friday, September 8th. Forward View upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, TheStreet downgraded American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.68.

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American Outdoor Brands Corporation Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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