Analysts See $0.38 EPS for American Outdoor Brands (AOBC), Oberweis Asset Management Boosted Patrick Industries (PATK) Stake

May 15, 2017 - By marketbeat

Oberweis Asset Management Inc increased Patrick Industries Inc. (PATK) stake by 48.26% reported in 2016Q4 SEC filing. Oberweis Asset Management Inc acquired 26,790 shares as Patrick Industries Inc. (PATK)’s stock rose 21.27%. The Oberweis Asset Management Inc holds 82,300 shares with $6.28 million value, up from 55,510 last quarter. Patrick Industries Inc. now has $1.17B valuation. The stock rose 1.19% or $0.83 reaching $70.43 per share. About 63,988 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 8.21% since October 6, 2016 and is uptrending. It has underperformed by 2.44% the S&P500.

Analysts expect American Outdoor Brands Corp (NASDAQ:AOBC) to report $0.38 EPS on June, 15.They anticipate $0.28 EPS change or 42.42% from last quarter’s $0.66 EPS. AOBC’s profit would be $21.46 million giving it 15.03 P/E if the $0.38 EPS is correct. After having $0.66 EPS previously, American Outdoor Brands Corp’s analysts see -42.42% EPS growth. About 557,743 shares traded. American Outdoor Brands Corp (NASDAQ:AOBC) has declined 9.60% since October 6, 2016 and is downtrending. It has underperformed by 20.25% the S&P500.

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and outdoor enthusiast. The company has market cap of $1.29 billion. The Firm operates through two divisions. It has a 9.58 P/E ratio. The Firearms segment makes handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Among 2 analysts covering American Outdoor Brands (NASDAQ:AOBC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. American Outdoor Brands had 2 analyst reports since January 18, 2017 according to SRatingsIntel. Wedbush maintained American Outdoor Brands Corp (NASDAQ:AOBC) on Wednesday, January 18 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, February 28 by Jefferies.

Oberweis Asset Management Inc decreased Gibraltar Inds (NASDAQ:ROCK) stake by 26,210 shares to 14,090 valued at $587,000 in 2016Q4. It also reduced Qcr Holdings Inc. (NASDAQ:QCRH) stake by 8,000 shares and now owns 15,800 shares. Netease.Com Inc. Adr (NASDAQ:NTES) was reduced too.

Investors sentiment decreased to 1.15 in Q4 2016. Its down 0.20, from 1.35 in 2016Q3. It fall, as 16 investors sold PATK shares while 57 reduced holdings. 32 funds opened positions while 52 raised stakes. 13.01 million shares or 2.07% less from 13.29 million shares in 2016Q3 were reported. State Of Alaska Department Of Revenue owns 1,580 shares or 0.01% of their US portfolio. Loomis Sayles Company LP invested in 0.01% or 79,005 shares. Highbridge Capital Mngmt Ltd Co has invested 0.01% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Sei stated it has 418 shares. Northern reported 236,185 shares or 0.01% of all its holdings. 2,655 are held by Proshare Advsr Limited Liability Co. Stifel Financial Corporation has invested 0.06% in Patrick Industries, Inc. (NASDAQ:PATK). Blackrock Fund Advsr invested in 1.15M shares. Qs Investors Ltd Company accumulated 54,536 shares. Deutsche Fincl Bank Ag has 10,696 shares for 0% of their portfolio. State Street invested 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Citadel Advsrs Ltd stated it has 6,033 shares. The Utah-based Wasatch Advsr Inc has invested 0.03% in Patrick Industries, Inc. (NASDAQ:PATK). Creative Planning invested in 0% or 7 shares. Susquehanna Intl Group Inc Llp holds 24,609 shares.

Since November 17, 2016, it had 0 buys, and 19 insider sales for $15.80 million activity. GENDELL JEFFREY L ET AL also sold $323,482 worth of Patrick Industries, Inc. (NASDAQ:PATK) shares. Another trade for 3,000 shares valued at $236,991 was made by WELLS WALTER E on Tuesday, February 21. $224,589 worth of stock was sold by HASSLER PAUL E on Monday, November 28. On Wednesday, January 4 the insider Cleveland Todd M sold $801,583. On Thursday, November 17 Cerulli Joseph M sold $133,947 worth of Patrick Industries, Inc. (NASDAQ:PATK) or 1,980 shares. $402,000 worth of Patrick Industries, Inc. (NASDAQ:PATK) was sold by NEMETH ANDY L on Thursday, November 17. $56,005 worth of stock was sold by Rodino Jeff on Wednesday, February 22.