Polar Asset Management Boosts AOUT Stake to 6.5%
Ticker: AOUT · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, amendment, stake-increase
TL;DR
**Polar Asset Management owns 6.5% of American Outdoor Brands, signaling institutional confidence.**
AI Summary
Polar Asset Management Partners Inc. filed an amended SC 13G/A on February 9, 2024, disclosing their beneficial ownership in American Outdoor Brands, Inc. (AOUT). As of December 31, 2023, Polar Asset Management Partners Inc. holds 844,050 shares of common stock, representing 6.5% of the company's outstanding shares. This filing indicates a significant institutional stake, suggesting confidence from a major investment firm, which could be a positive signal for current and prospective shareholders.
Why It Matters
This filing shows a major institutional investor, Polar Asset Management Partners Inc., maintains a significant stake in American Outdoor Brands, Inc., which can be interpreted as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of support for the stock.
Analyst Insight
A smart investor would view this significant institutional ownership as a positive indicator, potentially signaling stability and confidence in American Outdoor Brands, Inc. and might consider further research into the company's fundamentals.
Key Numbers
- 844,050 — Shares Beneficially Owned (This is the total number of common stock shares of American Outdoor Brands, Inc. held by Polar Asset Management Partners Inc.)
- 6.5% — Percentage of Class (This represents the portion of American Outdoor Brands, Inc.'s common stock owned by Polar Asset Management Partners Inc., indicating a significant stake.)
- 12/31/2023 — Date of Event (This is the specific date as of which Polar Asset Management Partners Inc.'s ownership stake was calculated for this filing.)
Key Players & Entities
- Polar Asset Management Partners Inc. (company) — the reporting person and beneficial owner
- American Outdoor Brands, Inc. (company) — the issuer of the securities
- 844,050 (dollar_amount) — number of shares beneficially owned
- 6.5% (dollar_amount) — percentage of class represented by beneficial ownership
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Polar Asset Management Partners Inc. will maintain a significant stake in American Outdoor Brands, Inc. for the foreseeable future. (Polar Asset Management Partners Inc.) — medium confidence, target: 12/31/2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Polar Asset Management Partners Inc., as stated in Item 1(a) and Row (1) of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is American Outdoor Brands, Inc., as specified in Item 1(a) and the 'Name of Issuer' section of the filing.
How many shares of common stock does Polar Asset Management Partners Inc. beneficially own?
Polar Asset Management Partners Inc. beneficially owns 844,050 shares of common stock, as indicated in Row (9) of the filing.
What percentage of the class of securities does this beneficial ownership represent?
This beneficial ownership represents 6.5% of the class of securities, as stated in Row (11) of the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.
From the Filing
EDGAR Filing Documents for 0001326389-24-000022 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001326389-24-000022 Filing Date 2024-02-09 Accepted 2024-02-09 08:23:09 Documents 1 Document Format Files Seq Description Document Type Size 1 13GA AMERICAN OUTDOOR BRANDS AmericanOutdoorBrands.txt SC 13G/A 5403 Complete submission text file 0001326389-24-000022.txt 7247 Mailing Address 16 YORK STREET SUITE 2900 TORONTO A6 M5J 0E6 Business Address 16 YORK STREET SUITE 2900 TORONTO A6 M5J 0E6 416-367-4364 Polar Asset Management Partners Inc. (Filed by) CIK : 0001326389 (see all company filings) EIN. : 000000000 | State of Incorp.: A6 | Fiscal Year End: 0331 Type: SC 13G/A Mailing Address 1800 NORTH ROUTE Z, SUITE A COLUMBIA MO 65202 Business Address 1800 NORTH ROUTE Z, SUITE A COLUMBIA MO 65202 (800) 338-9585 American Outdoor Brands, Inc. (Subject) CIK : 0001808997 (see all company filings) EIN. : 844630928 | State of Incorp.: DE | Fiscal Year End: 0430 Type: SC 13G/A | Act: 34 | File No.: 005-92051 | Film No.: 24611295 SIC : 3949 Sporting & Athletic Goods, NEC (CF Office: 04 Manufacturing)