Cannell Capital LLC Takes Position in Outdoor Holding Company $POWW

Cannell Capital LLC purchased a new position in shares of Outdoor Holding Company (NASDAQ:POWW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 336,524 shares of the company’s stock, valued at approximately $767,275. Outdoor comprises about 0.0% of Cannell Capital LLC’s holdings, making the stock its 27th largest holding.

Several other institutional investors have also recently made changes to their positions in POWW. Kanen Wealth Management LLC lifted its holdings in Outdoor by 1.7% in the fourth quarter. Kanen Wealth Management LLC now owns 11,691,882 shares of the company’s stock valued at $19,833,000 after acquiring an additional 197,876 shares during the last quarter. BlackRock Inc. acquired a new stake in Outdoor during the second quarter worth $16,646,000. Vanguard Group Inc. increased its stake in Outdoor by 3.4% during the third quarter. Vanguard Group Inc. now owns 5,358,634 shares of the company’s stock worth $7,931,000 after acquiring an additional 175,691 shares during the last quarter. Geode Capital Management LLC raised its position in Outdoor by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,302,268 shares of the company’s stock valued at $3,938,000 after purchasing an additional 43,136 shares during the period. Finally, Fisher Asset Management LLC purchased a new stake in Outdoor in the fourth quarter valued at $2,693,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.

Outdoor Stock Performance

NASDAQ:POWW opened at $2.18 on Friday. Outdoor Holding Company has a fifty-two week low of $1.39 and a fifty-two week high of $2.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.74 and a current ratio of 4.74. The company has a 50 day moving average price of $2.26 and a 200 day moving average price of $2.11. The stock has a market capitalization of $252.90 million, a P/E ratio of 72.69 and a beta of 1.02.

Outdoor (NASDAQ:POWW) last announced its earnings results on Monday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $14.48 million for the quarter, compared to analyst estimates of $13.02 million. Outdoor had a return on equity of 1.90% and a net margin of 12.08%. Equities research analysts forecast that Outdoor Holding Company will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Outdoor in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $2.62.

About Outdoor

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.