Empowered Funds LLC Acquires Shares of 532,957 Outdoor Holding Company $POWW

Key Points

• Empowered Funds LLC acquired 532,957 shares of Outdoor Holding Company, worth approximately $1.215 million and representing about 0.46% of the company. Several other institutional investors also initiated positions, with institutions collectively owning 26.4% of the stock.
• Analyst sentiment is broadly positive: Outdoor has a consensus “Buy” rating and an average price target of $2.62, with ratings ranging from Hold to Strong Buy.
• Outdoor shares recently traded at $2.17, up 1.4%. In its latest quarter, the company reported $0.02 in earnings per share and $14.48 million in revenue, exceeding analysts’ $13.02 million estimate.

Empowered Funds LLC bought a new position in Outdoor Holding Company (NASDAQ:POWW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 532,957 shares of the company's stock, valued at approximately $1,215,000. Empowered Funds LLC owned about 0.46% of Outdoor at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Outdoor during the second quarter worth about $16,646,000. JB Capital Partners LP purchased a new stake in shares of Outdoor during the 2nd quarter valued at approximately $1,254,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Outdoor during the 1st quarter valued at approximately $1,116,000. AWH Capital L.P. bought a new position in Outdoor in the 2nd quarter worth approximately $2,314,200. Finally, Orca Investment Management LLC bought a new position in Outdoor in the 2nd quarter worth approximately $977,000. Hedge funds and other institutional investors own 26.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on POWW shares. Weiss Ratings upgraded Outdoor from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Zacks Research upgraded Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 24th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Outdoor in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $2.62.

Outdoor Trading Up 1.4%

Shares of Outdoor stock opened at $2.17 on Friday. 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 Holding Company has a 1 year low of $1.39 and a 1 year high of $2.67. The firm has a market cap of $251.74 million, a PE ratio of 72.36 and a beta of 1.01. The company has a 50 day simple moving average of $2.25 and a two-hundred day simple moving average of $2.12.

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

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

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