American Outdoor Brands, Inc. (NASDAQ:AOUT) Stock Position Reduced by Parthenon LLC

Parthenon LLC lessened its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,907 shares of the company’s stock after selling 25,413 shares during the quarter. Parthenon LLC owned 0.57% of American Outdoor Brands worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of American Outdoor Brands in the third quarter worth $60,000. Teton Advisors Inc. increased its position in American Outdoor Brands by 9.6% in the 3rd quarter. Teton Advisors Inc. now owns 170,638 shares of the company’s stock worth $1,669,000 after purchasing an additional 15,000 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of American Outdoor Brands by 12.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 251,363 shares of the company’s stock worth $2,458,000 after purchasing an additional 27,700 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of American Outdoor Brands by 5.0% during the 3rd quarter. Gabelli Funds LLC now owns 58,735 shares of the company’s stock valued at $574,000 after buying an additional 2,800 shares during the last quarter. Finally, White Pine Capital LLC grew its stake in shares of American Outdoor Brands by 235.3% in the 3rd quarter. White Pine Capital LLC now owns 63,414 shares of the company’s stock valued at $620,000 after buying an additional 44,504 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Price Performance

NASDAQ:AOUT traded down $0.56 during mid-day trading on Tuesday, reaching $7.82. The stock had a trading volume of 31,101 shares, compared to its average volume of 32,841. The stock has a market cap of $99.78 million, a P/E ratio of -9.54 and a beta of 0.29. The business’s 50 day moving average is $8.44 and its 200 day moving average is $8.52. American Outdoor Brands, Inc. has a fifty-two week low of $6.97 and a fifty-two week high of $10.35.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). American Outdoor Brands had a positive return on equity of 0.78% and a negative net margin of 5.47%. The business had revenue of $53.43 million for the quarter, compared to analyst estimates of $51.20 million. Equities analysts expect that American Outdoor Brands, Inc. will post 0.1 EPS for the current year.

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.