Virtu Financial LLC Purchases New Stake in AMMO, Inc. (NASDAQ:POWW)

Virtu Financial LLC acquired a new position in AMMO, Inc. (NASDAQ:POWW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 72,833 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWW. Balentine LLC bought a new stake in shares of AMMO in the 4th quarter worth approximately $17,622,000. Sapient Capital LLC bought a new stake in shares of AMMO in the fourth quarter valued at $165,000. Barclays PLC lifted its position in shares of 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 buying an additional 85,738 shares during the last quarter. Tuttle Capital Management LLC bought a new position in shares of AMMO during the 4th quarter worth $33,000. Finally, Empowered Funds LLC grew its stake in shares of AMMO by 5.1% during the 4th quarter. Empowered Funds LLC now owns 600,757 shares of the company’s stock worth $661,000 after acquiring an additional 29,217 shares during the period. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

AMMO Stock Performance

Shares of AMMO stock opened at $1.38 on Tuesday. The stock has a market capitalization of $163.88 million, a P/E ratio of -6.57 and a beta of 0.50. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The stock’s 50-day simple moving average is $1.60 and its 200 day simple moving average is $1.37.

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.