Dimensional Fund Advisors LP Sells 17,439 Shares of AMMO, Inc. (NASDAQ:POWW)

Dimensional Fund Advisors LP cut its holdings in AMMO, Inc. (NASDAQ:POWW) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,298,506 shares of the company’s stock after selling 17,439 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.09% of AMMO worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Empowered Funds LLC boosted its position in AMMO by 176.4% during the 1st quarter. Empowered Funds LLC now owns 503,402 shares of the company’s stock valued at $1,384,000 after acquiring an additional 321,257 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in AMMO during the 1st quarter valued at approximately $2,274,000. Anthracite Investment Company Inc. boosted its position in AMMO by 7.4% during the 1st quarter. Anthracite Investment Company Inc. now owns 553,893 shares of the company’s stock valued at $1,523,000 after acquiring an additional 38,364 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $13,531,000 after acquiring an additional 86,069 shares in the last quarter. Finally, InterOcean Capital Group LLC boosted its position in AMMO by 8.4% during the 1st quarter. InterOcean Capital Group LLC now owns 330,810 shares of the company’s stock valued at $910,000 after acquiring an additional 25,500 shares in the last quarter. 26.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

AMMO Price Performance

POWW stock opened at $1.30 on Friday. The firm has a 50 day moving average price of $1.47 and a 200-day moving average price of $1.97. AMMO, Inc. has a 52-week low of $1.24 and a 52-week high of $3.15. The firm has a market capitalization of $154.39 million, a price-to-earnings ratio of -6.19 and a beta of 0.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17.

AMMO (NASDAQ:POWW) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). AMMO had a negative net margin of 15.19% and a positive return on equity of 2.35%. The business had revenue of $30.95 million for the quarter, compared to analysts’ expectations of $31.20 million. Equities research analysts forecast that AMMO, Inc. will post 0.09 EPS for the current fiscal year.

About AMMO

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.