336,524 Shares in Outdoor Holding Company $POWW Purchased by Cannell Capital LLC

Cannell Capital LLC bought a new stake in shares of Outdoor Holding Company (NASDAQ:POWW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 336,524 shares of the company’s stock, valued at approximately $767,275. Outdoor comprises about 0.0% of Cannell Capital LLC’s portfolio, making the stock its 27th biggest holding. Cannell Capital LLC owned approximately 0.29% of Outdoor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in POWW. AQR Capital Management LLC acquired a new stake in shares of Outdoor in the first quarter worth approximately $29,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Outdoor during the first quarter worth approximately $214,000. Empowered Funds LLC raised its stake in Outdoor by 7.4% in the 1st quarter. Empowered Funds LLC now owns 645,302 shares of the company’s stock valued at $891,000 after purchasing an additional 44,545 shares during the last quarter. Jane Street Group LLC raised its stake in Outdoor by 114.4% in the 1st quarter. Jane Street Group LLC now owns 148,855 shares of the company’s stock valued at $205,000 after purchasing an additional 79,416 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Outdoor by 2.5% in the 1st quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock valued at $753,000 after purchasing an additional 13,130 shares in the last quarter. Hedge funds and other institutional investors own 26.40% of the company’s stock.

Outdoor Stock Performance

Shares of Outdoor stock opened at $2.18 on Friday. Outdoor Holding Company has a one year low of $1.39 and a one year high of $2.67. The company has a market cap of $252.90 million, a price-to-earnings ratio of 72.69 and a beta of 1.02. 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 business’s 50 day moving average price is $2.26 and its 200 day moving average price is $2.11.

Outdoor (NASDAQ:POWW) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $13.02 million. On average, research analysts predict that Outdoor Holding Company will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

POWW has been the topic of several recent research reports. Weiss Ratings raised shares of Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Roth Capital reissued a “buy” rating on shares of Outdoor in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2.62.

Outdoor 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. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.