AWH Capital L.P. Invests $2.31 Million in Outdoor Holding Company $POWW

Key Points

• AWH Capital purchased 1.015 million shares of Outdoor Holding Company, valued at approximately $2.31 million, giving it about 0.87% ownership. Institutional investors collectively own 26.4% of the company.
• Analyst sentiment is generally positive: Outdoor has a consensus “Buy” rating and a $2.63 price target, compared with a recent share price of $2.18.
• Outdoor reported quarterly EPS of $0.02 and revenue of $14.48 million, exceeding the $13.02 million consensus revenue estimate. The company has a $252.9 million market capitalization and analysts expect $0.03 in EPS for the current fiscal year.

AWH Capital L.P. bought a new position in shares of Outdoor Holding Company (NASDAQ:POWW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,015,000 shares of the company's stock, valued at approximately $2,314,200. Outdoor makes up 0.0% of AWH Capital L.P.'s holdings, making the stock its 21st largest position. AWH Capital L.P. owned about 0.87% of Outdoor at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of POWW. BlackRock Inc. purchased a new position in shares of Outdoor during the 2nd quarter worth approximately $16,646,000. Kanen Wealth Management LLC raised its stake in shares of Outdoor by 32.2% during the 3rd quarter. Kanen Wealth Management LLC now owns 11,494,006 shares of the company's stock worth $16,891,000 after buying an additional 2,802,006 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Outdoor during the 4th quarter worth approximately $2,693,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Outdoor during the 1st quarter worth approximately $1,116,000. Finally, JB Capital Partners LP purchased a new position in shares of Outdoor during the 2nd quarter worth approximately $1,254,000. 26.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on POWW shares. Roth Capital reissued a "buy" rating on shares of Outdoor in a research note on Tuesday, August 11th. Zacks Research raised Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings raised Outdoor from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Outdoor presently has a consensus rating of "Buy" and a consensus price target of $2.63.

Outdoor Stock Performance

NASDAQ POWW opened at $2.18 on Friday. Outdoor Holding Company has a 1-year low of $1.39 and a 1-year high of $2.67. The company has a market capitalization of $252.90 million, a P/E ratio of 72.69 and a beta of 1.02. The business has a 50 day moving average price of $2.26 and a 200 day moving average price of $2.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.74 and a quick ratio of 4.74.

Outdoor (NASDAQ:POWW - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.02 earnings per share for the quarter. Outdoor had a return on equity of 1.90% and a net margin of 12.08%.The firm had revenue of $14.48 million during the quarter, compared to the consensus estimate of $13.02 million. Sell-side analysts expect that Outdoor Holding Company will post 0.03 EPS for the current fiscal year.

About Outdoor

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. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.