Diversified Investment Strategies LLC Buys 21,500 Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT)

Diversified Investment Strategies LLC grew its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,500 shares of the company’s stock after buying an additional 21,500 shares during the quarter. American Outdoor Brands accounts for about 1.2% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 18th biggest position. Diversified Investment Strategies LLC owned 0.92% of American Outdoor Brands worth $1,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after buying an additional 777 shares during the period. Renaissance Technologies LLC increased its holdings in shares of American Outdoor Brands by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after acquiring an additional 1,600 shares during the period. State Street Corp raised its position in shares of American Outdoor Brands by 3.9% in the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after acquiring an additional 1,700 shares in the last quarter. Barclays PLC purchased a new stake in shares of American Outdoor Brands during the 3rd quarter worth $37,000. Finally, Geode Capital Management LLC boosted its position in American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock valued at $1,276,000 after purchasing an additional 6,092 shares in the last quarter. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Trading Up 5.5 %

Shares of AOUT stock opened at $17.04 on Wednesday. The company has a market cap of $217.43 million, a PE ratio of -28.88 and a beta of 0.26. American Outdoor Brands, Inc. has a 12-month low of $7.45 and a 12-month high of $17.45. The business’s fifty day simple moving average is $14.11 and its 200-day simple moving average is $10.82.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. On average, equities analysts forecast that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their target price on shares of American Outdoor Brands from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.