Chesapeake Capital Corp IL Makes New Investment in AMMO, Inc. (NASDAQ:POWW)

Chesapeake Capital Corp IL acquired a new stake in AMMO, Inc. (NASDAQ:POWWFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,200 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors have also modified their holdings of the company. Anthracite Investment Company Inc. purchased a new position in AMMO in the 4th quarter valued at approximately $1,083,000. Horizon Family Wealth Inc. purchased a new position in AMMO in the third quarter valued at $884,000. Fortitude Family Office LLC acquired a new stake in AMMO in the fourth quarter valued at $651,000. Raymond James & Associates lifted its holdings in AMMO by 2,158.1% during the 3rd quarter. Raymond James & Associates now owns 242,750 shares of the company’s stock worth $490,000 after buying an additional 232,000 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of AMMO during the 4th quarter worth about $40,000. 26.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AMMO

In other AMMO news, insider Fred W. Wagenhals sold 221,138 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $2.43, for a total transaction of $537,365.34. Following the sale, the insider now owns 7,066,700 shares of the company’s stock, valued at $17,172,081. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.00% of the stock is currently owned by corporate insiders.

AMMO Stock Performance

Shares of POWW traded up $0.12 during mid-day trading on Monday, reaching $2.50. The company’s stock had a trading volume of 275,500 shares, compared to its average volume of 523,006. The company has a current ratio of 4.85, a quick ratio of 2.99 and a debt-to-equity ratio of 0.03. AMMO, Inc. has a 12-month low of $1.70 and a 12-month high of $3.15. The company’s 50 day moving average is $2.56 and its 200 day moving average is $2.33.

About AMMO

(Free Report)

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.

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Institutional Ownership by Quarter for AMMO (NASDAQ:POWW)

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