JB Capital Partners LP Invests $605,000 in AMMO, Inc. (NASDAQ:POWW)

JB Capital Partners LP bought a new position in shares of AMMO, Inc. (NASDAQ:POWW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 550,000 shares of the company's stock, valued at approximately $605,000. JB Capital Partners LP owned approximately 0.46% of AMMO as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sapient Capital LLC acquired a new stake in AMMO in the 4th quarter valued at $165,000. Balentine LLC bought a new position in AMMO during the 4th quarter valued at about $17,622,000. State Street Corp boosted its position in AMMO by 0.7% in the third quarter. State Street Corp now owns 1,666,566 shares of the company's stock valued at $2,383,000 after buying an additional 11,235 shares in the last quarter. Barclays PLC boosted its position in AMMO by 270.0% in the third quarter. Barclays PLC now owns 117,494 shares of the company's stock valued at $168,000 after buying an additional 85,738 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in AMMO by 5.1% during the fourth quarter. Empowered Funds LLC now owns 600,757 shares of the company's stock worth $661,000 after buying an additional 29,217 shares during the last quarter. 26.40% of the stock is currently owned by institutional investors.

AMMO Price Performance

Shares of NASDAQ:POWW traded up $0.02 during trading on Wednesday, reaching $1.27. The stock had a trading volume of 89,348 shares, compared to its average volume of 739,291. The stock has a market capitalization of $150.23 million, a PE ratio of -6.02 and a beta of 1.13. AMMO, Inc. has a 52 week low of $0.95 and a 52 week high of $2.86. The business's 50-day moving average price is $1.56 and its 200 day moving average price is $1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87.

AMMO 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.