Confluence Investment Management LLC Sells 6,425 Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT)

Confluence Investment Management LLC lessened its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,398 shares of the company’s stock after selling 6,425 shares during the quarter. Confluence Investment Management LLC owned about 1.50% of American Outdoor Brands worth $2,917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in American Outdoor Brands by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after purchasing an additional 777 shares in the last quarter. Barclays PLC bought a new position in shares of American Outdoor Brands in the 3rd quarter worth $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands during the 3rd quarter valued at $114,000. Sanctuary Advisors LLC bought a new stake in shares of American Outdoor Brands during the 2nd quarter worth $259,000. Finally, State Street Corp lifted its holdings in shares of American Outdoor Brands by 3.9% during the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock opened at $15.03 on Friday. American Outdoor Brands, Inc. has a 52-week low of $7.45 and a 52-week high of $15.99. The company has a fifty day moving average of $11.48 and a 200-day moving average of $9.80. The stock has a market capitalization of $191.84 million, a price-to-earnings ratio of -25.47 and a beta of 0.44.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Mkm raised their price target on American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Lake Street Capital raised their price objective on American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a report on Friday, December 6th.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.