Royal Capital Wealth Management LLC Makes New $557,000 Investment in Outdoor Holding Company $POWW

Royal Capital Wealth Management LLC purchased a new stake in Outdoor Holding Company (NASDAQ:POWW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 244,300 shares of the company’s stock, valued at approximately $557,000. Royal Capital Wealth Management LLC owned approximately 0.21% of Outdoor as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of POWW. Legal & General Group Plc bought a new position in shares of Outdoor in the second quarter worth approximately $25,000. BNP Paribas Financial Markets lifted its position in Outdoor by 101.4% during the third quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock valued at $27,000 after purchasing an additional 9,283 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Outdoor during the third quarter valued at approximately $27,000. AQR Capital Management LLC purchased a new position in Outdoor in the 1st quarter worth approximately $29,000. Finally, R Squared Ltd purchased a new position in Outdoor in the 4th quarter worth approximately $32,000. Institutional investors own 26.40% of the company’s stock.

Outdoor Stock Performance

Shares of NASDAQ POWW opened at $2.24 on Tuesday. The stock’s 50-day moving average is $2.25 and its 200 day moving average is $2.10. The stock has a market cap of $259.86 million, a price-to-earnings ratio of 74.69 and a beta of 1.02. Outdoor Holding Company has a 1-year low of $1.39 and a 1-year high of $2.67. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 0.04.

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

Analyst Upgrades and Downgrades

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

Outdoor Company 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.