Fortitude Family Office LLC Makes New $651,000 Investment in AMMO, Inc. (NASDAQ:POWW)

Fortitude Family Office LLC bought a new position in AMMO, Inc. (NASDAQ:POWWFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 310,078 shares of the company’s stock, valued at approximately $651,000. Fortitude Family Office LLC owned 0.26% of AMMO at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in POWW. Horizon Family Wealth Inc. bought a new stake in shares of AMMO during the 3rd quarter valued at $884,000. Raymond James & Associates boosted its holdings in AMMO by 2,158.1% in the 3rd quarter. Raymond James & Associates now owns 242,750 shares of the company’s stock worth $490,000 after buying an additional 232,000 shares during the period. Principal Financial Group Inc. bought a new position in AMMO in the 3rd quarter worth $27,000. SG Americas Securities LLC bought a new position in AMMO in the 3rd quarter worth $53,000. Finally, Capital Investment Counsel Inc boosted its holdings in AMMO by 45.0% in the 3rd quarter. Capital Investment Counsel Inc now owns 72,500 shares of the company’s stock worth $146,000 after buying an additional 22,500 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, insider Fred W. Wagenhals sold 221,138 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $2.43, for a total transaction of $537,365.34. Following the sale, the insider now directly owns 7,066,700 shares in the company, valued at approximately $17,172,081. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 25.00% of the company’s stock.

AMMO Price Performance

POWW stock traded up $0.01 during mid-day trading on Thursday, hitting $2.73. The company had a trading volume of 549,593 shares, compared to its average volume of 634,980. The company has a market capitalization of $323.94 million, a price-to-earnings ratio of -19.50 and a beta of 0.34. AMMO, Inc. has a 12-month low of $1.57 and a 12-month high of $3.15. The company has a quick ratio of 2.99, a current ratio of 4.85 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.25.

AMMO (NASDAQ:POWWGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $36.01 million for the quarter, compared to analysts’ expectations of $33.10 million. AMMO had a negative net margin of 8.88% and a positive return on equity of 3.28%. On average, research analysts anticipate that AMMO, Inc. will post 0.1 earnings per share for the current year.

About AMMO

(Free Report)

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.

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Institutional Ownership by Quarter for AMMO (NASDAQ:POWW)

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