James Debney (Insider Trades), President and CEO of American Outdoor Brands Corp. (AOBC), acquired 25,000 shares of the company on January 17, 2017. The average price per share was $20.50, for a total transaction of $512,500. American Outdoor Brands, formerly known as Smith & Wesson Holding Corporation, is a worldwide provider of firearms and shooting, hunting, and outdoor products. The company’s firearm division will continue to be called Smith & Wesson Corp., and function as a part of American Outdoor Brands. AOBC has a market cap of 1.15 billion.
Since 2013, Debney made 10 transactions with the company. Half of the transactions were purchases that amount to 65,000 shares, and the other half were sells totaling 680,071 shares of AOBC. Similarly, the number and volume of insider sells of AOBC is higher than the number and volume of AOBC insider sells every year since 2013 to 2016. The number and volume of insider sells increased each year from 2014 to 2016; there were 15 insider sells totaling 474,598 shares in 2014 compared to 24 insider sells totaling 1,108,619 shares in 2016. Despite the history of more shares sold of the company than purchased by insiders each year, in 2017 to date, the sole 5 insider transactions with the company are all insider purchases. Debney purchased 55,000 shares of AOBC from January 9 to January 17, 2017. The average price per share for Debney’s purchases ranged from $20.50 to $20.99. Another insider, Jeffrey Buchanan (Insider Trades), also purchased 10,000 shares of AOBC on January 9, 2017 for an average per share price of $20.92. For more information about insider trades with AOBC, click here. Continue Reading »