Parsons Capital Management Inc. RI Sells 56,000 Shares of AMMO, Inc. (NASDAQ:POWW)

Parsons Capital Management Inc. RI lowered its holdings in shares of AMMO, Inc. (NASDAQ:POWW) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 295,770 shares of the company’s stock after selling 56,000 shares during the quarter. Parsons Capital Management Inc. RI owned 0.25% of AMMO worth $325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in shares of AMMO by 0.7% during the third quarter. State Street Corp now owns 1,666,566 shares of the company’s stock valued at $2,383,000 after acquiring an additional 11,235 shares in the last quarter. Barclays PLC raised its position in AMMO by 270.0% during the 3rd quarter. Barclays PLC now owns 117,494 shares of the company’s stock valued at $168,000 after purchasing an additional 85,738 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of AMMO by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after buying an additional 9,649 shares during the period. SG Americas Securities LLC bought a new position in shares of AMMO during the 3rd quarter worth $44,000. Finally, Watts Gwilliam & Co. LLC purchased a new position in shares of AMMO during the third quarter valued at $53,000. 26.40% of the stock is currently owned by institutional investors.

AMMO Stock Performance

POWW stock opened at $1.54 on Wednesday. AMMO, Inc. has a 1-year low of $0.95 and a 1-year high of $2.94. The business has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.37. The company has a market capitalization of $182.89 million, a P/E ratio of -7.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87.

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.