Victory Capital Management Inc. Has $118,000 Stake in AMMO, Inc. (NASDAQ:POWW)

Victory Capital Management Inc. increased its position in AMMO, Inc. (NASDAQ:POWW) by 13.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,356 shares of the company’s stock after buying an additional 9,649 shares during the period. Victory Capital Management Inc. owned 0.07% of AMMO worth $118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of AMMO by 24.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,303 shares of the company’s stock valued at $73,000 after acquiring an additional 5,171 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in AMMO by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 329,689 shares of the company’s stock valued at $554,000 after purchasing an additional 6,062 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of AMMO in the first quarter valued at approximately $54,000. Triune Financial Partners LLC acquired a new stake in shares of AMMO in the third quarter worth $29,000. Finally, Koss Olinger Consulting LLC bought a new stake in shares of AMMO during the 2nd quarter worth $47,000. Institutional investors own 26.40% of the company’s stock.

AMMO Price Performance

Shares of NASDAQ:POWW opened at $1.24 on Monday. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $1.27 and a 200 day moving average price of $1.63. The company has a market cap of $147.26 million, a price-to-earnings ratio of -5.90 and a beta of 0.28. AMMO, Inc. has a twelve month low of $1.08 and a twelve month high of $2.94.

Analyst Upgrades and Downgrades

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

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.