Truffle Hound Capital LLC Takes Position in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Truffle Hound Capital LLC purchased a new stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,000 shares of the company's stock, valued at approximately $579,000. Truffle Hound Capital LLC owned approximately 0.30% of American Outdoor Brands as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Investment Strategies LLC lifted its holdings in shares of American Outdoor Brands by 22.4% during the fourth quarter. Diversified Investment Strategies LLC now owns 117,500 shares of the company's stock valued at $1,791,000 after purchasing an additional 21,500 shares during the last quarter. Royce & Associates LP boosted its stake in American Outdoor Brands by 39.8% in the 4th quarter. Royce & Associates LP now owns 567,752 shares of the company's stock worth $8,653,000 after purchasing an additional 161,751 shares in the last quarter. Brandes Investment Partners LP grew its position in American Outdoor Brands by 12.8% during the 4th quarter. Brandes Investment Partners LP now owns 933,450 shares of the company's stock valued at $14,226,000 after purchasing an additional 105,951 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in American Outdoor Brands by 272.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,137 shares of the company's stock valued at $703,000 after purchasing an additional 33,747 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in shares of American Outdoor Brands by 11.3% in the fourth quarter. Atria Investments Inc now owns 51,289 shares of the company's stock worth $782,000 after buying an additional 5,219 shares in the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

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American Outdoor Brands Stock Down 0.6 %

NASDAQ:AOUT traded down $0.08 on Wednesday, hitting $12.61. The stock had a trading volume of 29,489 shares, compared to its average volume of 45,515. The business's 50-day simple moving average is $15.65 and its two-hundred day simple moving average is $12.62. The stock has a market cap of $160.59 million, a price-to-earnings ratio of -21.37 and a beta of 0.29. American Outdoor Brands, Inc. has a 52-week low of $7.45 and a 52-week high of $17.91.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their target price on American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, January 27th.

About American Outdoor Brands

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.