GSA Capital Partners LLP Sells 158,755 Shares of AMMO, Inc. (NASDAQ:POWW)

GSA Capital Partners LLP trimmed its stake in AMMO, Inc. (NASDAQ:POWW) by 71.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,321 shares of the company’s stock after selling 158,755 shares during the period. GSA Capital Partners LLP owned 0.05% of AMMO worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its position in shares of AMMO by 68.2% in the second quarter. First Eagle Investment Management LLC now owns 1,390,870 shares of the company’s stock valued at $2,337,000 after purchasing an additional 564,002 shares during the period. Quadrature Capital Ltd bought a new position in AMMO in the 1st quarter worth $54,000. Vanguard Group Inc. lifted its position in AMMO by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,920,188 shares of the company’s stock worth $13,531,000 after acquiring an additional 86,069 shares during the last quarter. SG Americas Securities LLC bought a new stake in AMMO during the third quarter valued at about $44,000. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of AMMO in the third quarter valued at about $53,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

AMMO Trading Up 0.8 %

Shares of AMMO stock opened at $1.29 on Tuesday. AMMO, Inc. has a 1 year low of $1.08 and a 1 year high of $2.94. The company’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.66. The company has a market cap of $153.20 million, a price-to-earnings ratio of -6.14 and a beta of 0.28. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price objective on AMMO from $1.60 to $1.50 and set a “neutral” rating for the company in a research report on Friday, September 27th.

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.