Royal Capital Wealth Management LLC Sells 157,595 Shares of AMMO, Inc. (NASDAQ:POWW)

Royal Capital Wealth Management LLC lowered its position in shares of AMMO, Inc. (NASDAQ:POWW - Free Report) by 38.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,620 shares of the company's stock after selling 157,595 shares during the quarter. Royal Capital Wealth Management LLC owned 0.21% of AMMO worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC lifted its position in shares of AMMO by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after buying an additional 8,312 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of AMMO during the 4th quarter worth approximately $41,000. Intech Investment Management LLC lifted its position in shares of AMMO by 175.6% during the 4th quarter. Intech Investment Management LLC now owns 42,033 shares of the company's stock worth $46,000 after buying an additional 26,783 shares in the last quarter. Royce & Associates LP lifted its position in shares of AMMO by 35.8% during the 4th quarter. Royce & Associates LP now owns 44,022 shares of the company's stock worth $48,000 after buying an additional 11,614 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of AMMO during the 4th quarter worth approximately $69,000. Institutional investors own 26.40% of the company's stock.

AMMO Trading Down 5.2%

NASDAQ:POWW opened at $1.81 on Wednesday. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $214.95 million, a PE ratio of -8.62 and a beta of 1.31. The firm's 50 day moving average is $1.62 and its 200 day moving average is $1.47. AMMO, Inc. has a 12 month low of $0.95 and a 12 month high of $2.86.

AMMO Company 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.

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