GSA Capital Partners LLP Has $89,000 Stock Holdings in AMMO, Inc. (NASDAQ:POWW)

GSA Capital Partners LLP decreased its holdings in shares of AMMO, Inc. (NASDAQ:POWW) by 71.8% in the third quarter, Holdings Channel reports. The firm owned 62,321 shares of the company’s stock after selling 158,755 shares during the quarter. GSA Capital Partners LLP’s holdings in AMMO were worth $89,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of AMMO by 24.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,303 shares of the company’s stock worth $73,000 after buying an additional 5,171 shares in the last quarter. Bank of New York Mellon Corp grew its position in AMMO by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 329,689 shares of the company’s stock valued at $554,000 after acquiring an additional 6,062 shares during the period. Pathway Financial Advisers LLC acquired a new position in AMMO during the first quarter worth $29,000. Quadrature Capital Ltd bought a new position in shares of AMMO during the first quarter valued at $54,000. Finally, Triune Financial Partners LLC bought a new stake in shares of AMMO in the 3rd quarter worth about $29,000. 26.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

AMMO Stock Up 0.8 %

Shares of POWW opened at $1.29 on Tuesday. The company has a market capitalization of $153.20 million, a P/E ratio of -6.14 and a beta of 0.28. AMMO, Inc. has a one year low of $1.08 and a one year high of $2.94. The business’s 50 day simple moving average is $1.29 and its 200-day simple moving average is $1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87.

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.