Triune Financial Partners LLC Makes New $29,000 Investment in AMMO, Inc. (NASDAQ:POWW)

Triune Financial Partners LLC purchased a new stake in AMMO, Inc. (NASDAQ:POWW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,375 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in AMMO in the first quarter valued at approximately $29,000. Quadrature Capital Ltd acquired a new position in shares of AMMO in the 1st quarter worth approximately $54,000. Price T Rowe Associates Inc. MD boosted its stake in shares of AMMO by 24.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,303 shares of the company’s stock valued at $73,000 after purchasing an additional 5,171 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of AMMO during the second quarter worth $47,000. Finally, SG Americas Securities LLC bought a new position in AMMO during the third quarter worth $44,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

AMMO Stock Performance

NASDAQ:POWW traded down $0.04 during trading on Friday, reaching $1.19. The company’s stock had a trading volume of 236,939 shares, compared to its average volume of 626,794. The firm has a market cap of $140.73 million, a price-to-earnings ratio of -5.74 and a beta of 0.28. AMMO, Inc. has a 12 month low of $1.08 and a 12 month high of $2.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The firm has a 50 day moving average of $1.34 and a 200-day moving average of $1.78.

AMMO (NASDAQ:POWW) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $30.95 million during the quarter, compared to the consensus estimate of $31.20 million. AMMO had a negative net margin of 15.19% and a positive return on equity of 2.35%. Research analysts expect that AMMO, Inc. will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price target on AMMO from $1.60 to $1.50 and set a “neutral” rating on the stock in a report on Friday, September 27th.

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.