AMMO, Inc. (NASDAQ:POWW) Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of AMMO, Inc. (NASDAQ:POWW) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,022 shares of the company’s stock after purchasing an additional 11,614 shares during the period. Royce & Associates LP’s holdings in AMMO were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of AMMO by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after purchasing an additional 9,649 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in AMMO by 0.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,508,870 shares of the company’s stock valued at $1,660,000 after acquiring an additional 10,000 shares during the last quarter. State Street Corp lifted its holdings in AMMO by 0.7% in the third quarter. State Street Corp now owns 1,666,566 shares of the company’s stock valued at $2,383,000 after acquiring an additional 11,235 shares during the last quarter. Empowered Funds LLC lifted its holdings in AMMO by 5.4% in the third quarter. Empowered Funds LLC now owns 571,540 shares of the company’s stock valued at $817,000 after acquiring an additional 29,078 shares during the last quarter. Finally, Tuttle Capital Management LLC acquired a new position in AMMO in the fourth quarter valued at approximately $33,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

AMMO Trading Up 2.9 %

POWW opened at $1.44 on Friday. AMMO, Inc. has a one year low of $0.95 and a one year high of $2.94. The stock has a market capitalization of $171.01 million, a PE ratio of -6.86 and a beta of 0.50. The business’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17.

About AMMO

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.