RBF Capital LLC Decreases Position in American Outdoor Brands, Inc. (NASDAQ:AOUT)

RBF Capital LLC decreased its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 299,500 shares of the company’s stock after selling 3,031 shares during the quarter. RBF Capital LLC’s holdings in American Outdoor Brands were worth $2,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brandes Investment Partners LP boosted its position in shares of American Outdoor Brands by 70.8% in the second quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock worth $6,178,000 after buying an additional 289,229 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands during the third quarter worth about $114,000. Sanctuary Advisors LLC purchased a new stake in shares of American Outdoor Brands during the second quarter worth about $259,000. Finally, Renaissance Technologies LLC increased its position in shares of American Outdoor Brands by 0.6% during the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Price Performance

Shares of AOUT opened at $10.00 on Thursday. American Outdoor Brands, Inc. has a 12 month low of $7.19 and a 12 month high of $10.03. The stock has a fifty day moving average price of $9.27 and a 200 day moving average price of $8.89. The company has a market cap of $128.34 million, a P/E ratio of -12.20 and a beta of 0.44.

American Outdoor Brands (NASDAQ:AOUT) last released its earnings results on Thursday, September 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The company had revenue of $41.64 million during the quarter, compared to analyst estimates of $40.50 million. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. As a group, research analysts anticipate that American Outdoor Brands, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lifted their target price on American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

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.