Sapient Capital LLC Purchases New Position in AMMO, Inc. (NASDAQ:POWW)

Sapient Capital LLC acquired a new position in shares of AMMO, Inc. (NASDAQ:POWW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $165,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in POWW. State Street Corp raised its position in AMMO by 0.7% in the 3rd quarter. State Street Corp now owns 1,666,566 shares of the company’s stock worth $2,383,000 after purchasing an additional 11,235 shares during the period. Empowered Funds LLC raised its stake in shares of AMMO by 5.1% during the fourth quarter. Empowered Funds LLC now owns 600,757 shares of the company’s stock valued at $661,000 after acquiring an additional 29,217 shares in the last quarter. Barclays PLC boosted its holdings in shares of AMMO by 270.0% in the third quarter. Barclays PLC now owns 117,494 shares of the company’s stock valued at $168,000 after purchasing an additional 85,738 shares during the period. Stratos Investment Management LLC bought a new position in AMMO in the third quarter worth approximately $143,000. Finally, Victory Capital Management Inc. increased its holdings in AMMO by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after purchasing an additional 9,649 shares during the period. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

AMMO Price Performance

Shares of POWW stock opened at $1.80 on Thursday. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $1.36 and a two-hundred day simple moving average of $1.37. The stock has a market capitalization of $213.76 million, a price-to-earnings ratio of -8.57 and a beta of 0.46. AMMO, Inc. has a twelve month low of $0.95 and a twelve month high of $2.94.

AMMO Company 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.