Nuveen LLC Makes New Investment in Outdoor Holding Company $POWW

Key Points

• Nuveen LLC has acquired a new stake in Outdoor Holding Company (NASDAQ: POWW), purchasing 272,165 shares valued at approximately $376,000, representing 0.23% of the company's stock.
• Several institutional investors, including Invesco Ltd. and Charles Schwab Investment Management Inc., have adjusted their positions in Outdoor, with Invesco increasing its holdings by 5.4% and Schwab by 11.2% in the first quarter.
• Wall Street analysts have shown mixed sentiments towards Outdoor, with ratings varying from "buy" to "hold," while the stock currently has an average price target of $1.75.

Nuveen LLC acquired a new position in shares of Outdoor Holding Company (NASDAQ:POWW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 272,165 shares of the company's stock, valued at approximately $376,000. Nuveen LLC owned 0.23% of Outdoor as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Outdoor during the first quarter worth $28,000. ProShare Advisors LLC boosted its stake in Outdoor by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after buying an additional 8,312 shares during the period. Warburton Capital Management LLC purchased a new position in Outdoor during the first quarter worth $69,000. Wells Fargo & Company MN lifted its position in shares of Outdoor by 38.2% during the fourth quarter. Wells Fargo & Company MN now owns 63,169 shares of the company's stock worth $69,000 after purchasing an additional 17,467 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Outdoor by 76.5% during the first quarter. Victory Capital Management Inc. now owns 102,649 shares of the company's stock worth $142,000 after purchasing an additional 44,495 shares during the last quarter. 26.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on POWW shares. Zacks Research upgraded Outdoor from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Wall Street Zen upgraded Outdoor from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Lake Street Capital decreased their target price on Outdoor from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1.75.

Outdoor Price Performance

Outdoor stock remained flat at $1.44 during trading hours on Tuesday. 226,504 shares of the company's stock were exchanged, compared to its average volume of 700,870. The company has a market capitalization of $168.64 million, a P/E ratio of -3.13 and a beta of 1.19. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $1.29 and a 200 day moving average of $1.46. Outdoor Holding Company has a fifty-two week low of $0.95 and a fifty-two week high of $2.14.

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.