Royce & Associates LP Increases Stock Holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Royce & Associates LP grew its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 567,752 shares of the company’s stock after purchasing an additional 161,751 shares during the period. Royce & Associates LP owned approximately 4.45% of American Outdoor Brands worth $8,653,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AOUT. Brandes Investment Partners LP increased its stake in American Outdoor Brands by 12.8% in the 4th quarter. Brandes Investment Partners LP now owns 933,450 shares of the company’s stock valued at $14,226,000 after buying an additional 105,951 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of American Outdoor Brands by 272.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,137 shares of the company’s stock worth $703,000 after acquiring an additional 33,747 shares during the period. Atria Investments Inc raised its holdings in American Outdoor Brands by 11.3% during the fourth quarter. Atria Investments Inc now owns 51,289 shares of the company’s stock worth $782,000 after purchasing an additional 5,219 shares in the last quarter. Empowered Funds LLC lifted its position in American Outdoor Brands by 4.4% in the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock valued at $357,000 after purchasing an additional 979 shares during the period. Finally, Diversified Investment Strategies LLC increased its position in American Outdoor Brands by 22.4% during the 4th quarter. Diversified Investment Strategies LLC now owns 117,500 shares of the company’s stock worth $1,791,000 after purchasing an additional 21,500 shares during the period. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Stock Down 2.3 %

Shares of AOUT opened at $13.34 on Wednesday. American Outdoor Brands, Inc. has a 52-week low of $7.45 and a 52-week high of $17.91. The company has a 50-day simple moving average of $15.86 and a 200-day simple moving average of $12.48. The company has a market capitalization of $169.88 million, a PE ratio of -22.61 and a beta of 0.29.

Analyst Upgrades and Downgrades

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

About American Outdoor Brands

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.