Orca Investment Management LLC Purchases Shares of 428,500 Outdoor Holding Company $POWW

Orca Investment Management LLC purchased a new position in shares of Outdoor Holding Company (NASDAQ:POWW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 428,500 shares of the company’s stock, valued at approximately $977,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of Outdoor by 626.3% in the 1st quarter. Royal Bank of Canada now owns 18,055 shares of the company’s stock valued at $36,000 after acquiring an additional 15,569 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Outdoor by 101.4% during the third quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock worth $27,000 after purchasing an additional 9,283 shares during the last quarter. Abel Hall LLC acquired a new position in Outdoor in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new position in Outdoor in the fourth quarter valued at approximately $32,000. Finally, Squarepoint Ops LLC purchased a new position in Outdoor in the third quarter valued at approximately $27,000. 26.40% of the stock is owned by institutional investors and hedge funds.

Outdoor Stock Up 1.8%

Shares of NASDAQ POWW opened at $2.24 on Friday. The stock has a market cap of $259.86 million, a PE ratio of 74.69 and a beta of 1.02. The company has a quick ratio of 3.96, a current ratio of 4.74 and a debt-to-equity ratio of 0.04. Outdoor Holding Company has a 52-week low of $1.25 and a 52-week high of $2.67. The business has a 50-day moving average price of $2.22 and a 200 day moving average price of $2.07.

Outdoor (NASDAQ:POWW) last released its quarterly earnings results on Monday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $14.48 million for the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on POWW. Weiss Ratings raised shares of Outdoor from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Outdoor presently has an average rating of “Buy” and an average price target of $2.62.

Outdoor Profile

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.