White Pine Capital LLC Grows Stock Position in American Outdoor Brands, Inc. (NASDAQ:AOUT)

White Pine Capital LLC lifted its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,412 shares of the company’s stock after purchasing an additional 2,998 shares during the period. White Pine Capital LLC owned about 0.51% of American Outdoor Brands worth $558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC purchased a new position in American Outdoor Brands in the third quarter valued at $60,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American Outdoor Brands in the third quarter valued at $116,000. Acadian Asset Management LLC raised its stake in American Outdoor Brands by 139.5% in the third quarter. Acadian Asset Management LLC now owns 36,724 shares of the company’s stock valued at $358,000 after buying an additional 21,388 shares in the last quarter. Gabelli Funds LLC raised its stake in American Outdoor Brands by 5.0% in the third quarter. Gabelli Funds LLC now owns 58,735 shares of the company’s stock valued at $574,000 after buying an additional 2,800 shares in the last quarter. Finally, Teton Advisors Inc. raised its stake in American Outdoor Brands by 9.6% in the third quarter. Teton Advisors Inc. now owns 170,638 shares of the company’s stock valued at $1,669,000 after buying an additional 15,000 shares in the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

American Outdoor Brands Stock Down 2.6 %

American Outdoor Brands stock traded down $0.21 during midday trading on Friday, reaching $7.89. The company’s stock had a trading volume of 73,497 shares, compared to its average volume of 25,251. American Outdoor Brands, Inc. has a fifty-two week low of $6.97 and a fifty-two week high of $10.35. The business has a 50-day simple moving average of $8.45 and a 200-day simple moving average of $8.55.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). American Outdoor Brands had a negative net margin of 5.47% and a positive return on equity of 0.78%. The business had revenue of $53.43 million during the quarter, compared to analyst estimates of $51.20 million. On average, sell-side analysts expect that American Outdoor Brands, Inc. will post 0.1 EPS for the current fiscal year.

American Outdoor Brands Profile

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.