Empowered Funds LLC Has $666,000 Stock Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Empowered Funds LLC lifted its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,411 shares of the company’s stock after purchasing an additional 938 shares during the quarter. Empowered Funds LLC owned approximately 0.18% of Johnson Outdoors worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Johnson Outdoors by 13.9% in the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock worth $15,959,000 after purchasing an additional 42,314 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Johnson Outdoors by 35.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock worth $7,829,000 after acquiring an additional 59,016 shares during the period. Skylands Capital LLC lifted its holdings in shares of Johnson Outdoors by 43.7% during the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock worth $5,663,000 after acquiring an additional 49,200 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Johnson Outdoors by 33.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock valued at $2,734,000 after acquiring an additional 19,013 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake in Johnson Outdoors by 66.1% in the first quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company’s stock valued at $3,367,000 after acquiring an additional 29,065 shares during the period. 64.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Johnson Outdoors Price Performance

Shares of NASDAQ:JOUT opened at $33.37 on Friday. The business’s fifty day moving average price is $34.27 and its two-hundred day moving average price is $35.59. Johnson Outdoors Inc. has a fifty-two week low of $31.60 and a fifty-two week high of $55.30. The stock has a market capitalization of $343.71 million, a price-to-earnings ratio of -41.20, a price-to-earnings-growth ratio of 1.61 and a beta of 0.71.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Wednesday, October 9th. Johnson Outdoors’s payout ratio is -162.96%.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.