Balentine LLC Takes Position in AMMO, Inc. (NASDAQ:POWW)

Balentine LLC acquired a new stake in shares of AMMO, Inc. (NASDAQ:POWW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,020,000 shares of the company’s stock, valued at approximately $17,622,000. AMMO makes up about 0.7% of Balentine LLC’s portfolio, making the stock its 11th biggest position. Balentine LLC owned approximately 0.13% of AMMO at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in AMMO by 13.3% during the third quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after acquiring an additional 9,649 shares in the last quarter. State Street Corp boosted its position in shares of AMMO by 0.7% in the 3rd quarter. State Street Corp now owns 1,666,566 shares of the company’s stock worth $2,383,000 after purchasing an additional 11,235 shares in the last quarter. Triune Financial Partners LLC purchased a new stake in shares of AMMO in the 3rd quarter worth approximately $29,000. Empowered Funds LLC increased its position in AMMO by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 571,540 shares of the company’s stock valued at $817,000 after buying an additional 29,078 shares in the last quarter. Finally, Tuttle Capital Management LLC purchased a new position in AMMO during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.

AMMO Price Performance

AMMO stock opened at $1.79 on Tuesday. AMMO, Inc. has a 12 month low of $0.95 and a 12 month high of $2.94. The business’s fifty day simple moving average is $1.33 and its two-hundred day simple moving average is $1.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87.

AMMO 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.