American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its position in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 567,752 shares of the company’s stock after buying an additional 161,751 shares during the quarter. Royce & Associates LP’s holdings in American Outdoor Brands were worth $8,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brandes Investment Partners LP increased its holdings in American Outdoor Brands by 12.8% during the 4th quarter. Brandes Investment Partners LP now owns 933,450 shares of the company’s stock valued at $14,226,000 after acquiring an additional 105,951 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American Outdoor Brands by 4.6% in the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock valued at $1,276,000 after purchasing an additional 6,092 shares during the last quarter. Diversified Investment Strategies LLC grew its position in shares of American Outdoor Brands by 22.4% in the fourth quarter. Diversified Investment Strategies LLC now owns 117,500 shares of the company’s stock valued at $1,791,000 after purchasing an additional 21,500 shares during the last quarter. Atria Investments Inc increased its stake in shares of American Outdoor Brands by 11.3% during the 4th quarter. Atria Investments Inc now owns 51,289 shares of the company’s stock worth $782,000 after purchasing an additional 5,219 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of American Outdoor Brands by 272.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,137 shares of the company’s stock worth $703,000 after purchasing an additional 33,747 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Trading Down 2.3 %

Shares of AOUT stock opened at $13.34 on Wednesday. The company has a market capitalization of $169.88 million, a price-to-earnings ratio of -22.61 and a beta of 0.29. The firm has a 50-day moving average price of $15.86 and a 200 day moving average price of $12.48. American Outdoor Brands, Inc. has a twelve month low of $7.45 and a twelve month high of $17.91.

Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their target price on American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th.

American Outdoor Brands Company Profile

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.