Diversified Investment Strategies LLC Has $1.79 Million Stock Position in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Diversified Investment Strategies LLC boosted its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 22.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 117,500 shares of the company's stock after purchasing an additional 21,500 shares during the period. American Outdoor Brands makes up 1.2% of Diversified Investment Strategies LLC's investment portfolio, making the stock its 18th largest holding. Diversified Investment Strategies LLC owned about 0.92% of American Outdoor Brands worth $1,791,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AOUT. Brandes Investment Partners LP raised its stake in American Outdoor Brands by 70.8% in the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company's stock valued at $6,178,000 after purchasing an additional 289,229 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at approximately $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of American Outdoor Brands during the third quarter worth $114,000. Geode Capital Management LLC grew its stake in American Outdoor Brands by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 138,336 shares of the company's stock worth $1,276,000 after buying an additional 6,092 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of American Outdoor Brands during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 49.87% of the company's stock.

Analysts Set New Price Targets

Separately, Lake Street Capital raised their price objective on American Outdoor Brands from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock traded down $0.40 during midday trading on Wednesday, reaching $16.75. 27,413 shares of the company's stock traded hands, compared to its average volume of 79,301. The company has a market cap of $213.73 million, a price-to-earnings ratio of -28.39 and a beta of 0.26. American Outdoor Brands, Inc. has a 52 week low of $7.45 and a 52 week high of $17.45. The company's 50 day simple moving average is $14.11 and its 200 day simple moving average is $10.82.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. As a group, equities research analysts predict that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

American Outdoor Brands Profile

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.