Truffle Hound Capital LLC Acquires New Shares in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Truffle Hound Capital LLC bought a new position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 38,000 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after buying an additional 777 shares during the period. Empowered Funds LLC raised its position in shares of American Outdoor Brands by 4.4% in the 4th quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after acquiring an additional 979 shares in the last quarter. State Street Corp lifted its stake in shares of American Outdoor Brands by 3.9% during the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after purchasing an additional 1,700 shares during the last quarter. Barclays PLC bought a new stake in American Outdoor Brands during the third quarter valued at about $37,000. Finally, Atria Investments Inc grew its stake in American Outdoor Brands by 11.3% in the fourth quarter. Atria Investments Inc now owns 51,289 shares of the company’s stock valued at $782,000 after purchasing an additional 5,219 shares during the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their price target on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, January 27th.

American Outdoor Brands Trading Down 3.0 %

NASDAQ AOUT opened at $13.14 on Friday. The firm’s fifty day simple moving average is $15.74 and its two-hundred day simple moving average is $12.52. The firm has a market capitalization of $167.34 million, a P/E ratio of -22.27 and a beta of 0.29. American Outdoor Brands, Inc. has a 12-month low of $7.45 and a 12-month high of $17.91.

American Outdoor Brands Company 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.