The number of short positions held on American Outdoor Brands, Inc. shares dropped by a sizeable amount in December (NASDAQ: AOUT). As of December 15, there were 440,200 shares available for a short sale; as of December 30, there were only 417,900 shares available for a short sale. This represents a decrease of 5.1%. Based on an average daily trading volume of 86,400 shares, the days-to-cover ratio is currently at 4.8 days at the time of this writing. This is the number that was arrived at. At any given time, approximately 3.7% of the total number of shares in the company are being sold short.
The company American Outdoor Brands (NASDAQ: AOUT) disclosed to the general public the financial results of its operations during the third quarter on Thursday, December 1. The company reported earnings per share of $0.23 for the quarter, which was $0.09 higher than the consensus estimate among analysts, who had predicted earnings per share of $0.14. It was widely believed that the company’s quarterly revenue would be $54.66 million; however, the actual amount that the company brought in was $54.44 million. This discovery directly contradicts a widely held belief. American Outdoor Brands had a negative net margin of 36.54%, while the return on equity for the company was positive by the amount of 4.78%. Equity research analysts anticipate that American Outdoor Brands will post a profit of $0.38 per share for the current fiscal year.
NASDAQ: AOUT was first available for trading on Monday with an opening price of $10.74. The stock has a price-to-earnings ratio of -1.84, a beta factor of 0.13, and a market capitalization of $143.16 million. 7.34 is the value assigned to the current ratio, 2.61 is the value assigned to the quick ratio, and 0.10 is the value assigned to the debt-to-equity ratio. The company’s moving average over the previous 50 days is $9.95, while the moving average over the previous 200 days is $9.08. The lowest price that American Outdoor Brands has been at in the past year is $7.10, while the company’s all-time high price is $17.52.
A significant number of research experts have looked at the company in question. The target price that B. Riley has set for American Outdoor Brands has increased from $11.00 to $12.00 due to a report released on Friday, December 2. Cowen increased their target price on American Outdoor Brands from $11.00 to $12.00 in a research report published on Friday, December 2. Cowen increased their price objective for American Outdoor Brands from $11.00 to $12.00 in a research note published on Friday, December 2. The agenda was complete, and this was the final and most important item.
Various institutional investors, including hedge funds, have made adjustments to AOUT throughout the past few months. The percentage of American Outdoor Brands stock that Polar Asset Management Partners Inc. owned increased by 20.1% during the third quarter. Polar Asset Management Partners Inc. now owns 1,334,938 shares of the company’s stock, currently valued at $11,707,000, after purchasing an additional 223,375 shares during the period in question. The investment portfolio managed by Dimensional Fund Advisors LP increased its holdings in American Outdoor Brands by 1.4% during the first three months of 2018. Dimensional Fund Advisors LP now has 1,071,135 shares of the company’s stock, which has a value of $14,064,000 after purchasing 14,477 shares of the company’s stock during the period in question. This brings the total number of shares owned by the firm to 1,071,135. The percentage of American Outdoor Brands stock owned by Vanguard Group Inc. increased by 13.5% during the first three months of 2018. Vanguard Group Inc. now owns a total of 786,678 shares of the company’s stock, currently valued at $10,329,000, after purchasing an additional 93,460 shares during the period in question. This brings the total number of shares owned by the company to 786,678. Confluence Investment Management LLC’s American Outdoor Brands stock holdings increased by 0.8% during the third quarter due to the company’s investment strategy. Since the beginning of this period, there has been an increase of 3,187 shares owned by Confluence Investment Management LLC. As a result, the total number of shares owned by the company now stands at 390,946. These shares have a value of $3,429,000 as of right now. Last but certainly not least, during the first three months of 2018, Engine Capital Management LP invested in American Outdoor Brands in the amount of $4,539,000. Institutional investors currently own 67.59% of the total shares outstanding in the company.
American Outdoor Brands, Inc. is a company based in the United States and internationally and is in the business of manufacturing and retailing durable outdoor goods and accessories. Camping, shooting, fishing, hunting, and even providing oneself with self-defense equipment are some of the activities that these products can support. Items such as high-quality sporting knives and tools for fishing and hunting, tools for land management to prepare for hunting, harvesting items for activities that can be done after fishing or hunting, outdoor cooking items, and camping, survival, and emergency preparedness gear are examples of items that are part of the outdoor lifestyle.
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