InterOcean Capital Group LLC lowered its position in AMMO, Inc. (NASDAQ:POWW – Free Report) by 60.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,310 shares of the company’s stock after selling 471,000 shares during the quarter. InterOcean Capital Group LLC’s holdings in AMMO were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of POWW. Merit Financial Group LLC boosted its stake in shares of AMMO by 15.0% during the fourth quarter. Merit Financial Group LLC now owns 76,800 shares of the company’s stock valued at $161,000 after purchasing an additional 10,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of AMMO by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 389,247 shares of the company’s stock valued at $786,000 after purchasing an additional 10,028 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of AMMO during the fourth quarter valued at approximately $220,000. Principal Financial Group Inc. purchased a new stake in shares of AMMO during the third quarter valued at approximately $27,000. Finally, Hurlow Wealth Management Group Inc. purchased a new stake in shares of AMMO during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.
AMMO Stock Performance
Shares of NASDAQ:POWW remained flat at $2.36 during trading on Thursday. The stock had a trading volume of 30,693 shares, compared to its average volume of 522,054. AMMO, Inc. has a 52-week low of $1.70 and a 52-week high of $3.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.99 and a current ratio of 4.85. The firm’s 50-day simple moving average is $2.56 and its two-hundred day simple moving average is $2.34.
Insider Activity
AMMO Company 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.
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