Victory Capital Management Inc. Has $118,000 Holdings in AMMO, Inc. (NASDAQ:POWW)

Victory Capital Management Inc. lifted its position in AMMO, Inc. (NASDAQ:POWW) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,356 shares of the company’s stock after purchasing an additional 9,649 shares during the quarter. Victory Capital Management Inc.’s holdings in AMMO were worth $118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of POWW. Triune Financial Partners LLC bought a new stake in AMMO in the 3rd quarter valued at $29,000. SG Americas Securities LLC bought a new stake in AMMO in the third quarter valued at about $44,000. Koss Olinger Consulting LLC bought a new stake in AMMO in the second quarter valued at about $47,000. Watts Gwilliam & Co. LLC acquired a new position in AMMO in the third quarter worth about $53,000. Finally, Quadrature Capital Ltd acquired a new stake in AMMO during the first quarter valued at approximately $54,000. 26.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm dropped their target price on AMMO from $1.60 to $1.50 and set a “neutral” rating for the company in a report on Friday, September 27th.

AMMO Stock Up 1.6 %

Shares of NASDAQ:POWW opened at $1.24 on Monday. The company’s fifty day moving average is $1.27 and its 200-day moving average is $1.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. AMMO, Inc. has a 52 week low of $1.08 and a 52 week high of $2.94. The company has a market capitalization of $147.26 million, a PE ratio of -5.90 and a beta of 0.28.

About AMMO

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.