Quantbot Technologies LP Acquires New Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Quantbot Technologies LP bought a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,348 shares of the company’s stock, valued at approximately $77,000.

Other institutional investors also recently modified their holdings of the company. Peapod Lane Capital LLC purchased a new stake in shares of Johnson Outdoors during the fourth quarter worth $1,809,000. First Eagle Investment Management LLC purchased a new stake in shares of Johnson Outdoors during the 4th quarter worth about $1,695,000. Wallace Capital Management Inc. raised its stake in shares of Johnson Outdoors by 11.2% during the 3rd quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock worth $13,406,000 after purchasing an additional 37,433 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 91.2% during the 4th quarter. Legato Capital Management LLC now owns 31,406 shares of the company’s stock valued at $1,036,000 after buying an additional 14,977 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Johnson Outdoors by 89.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 22,451 shares of the company’s stock valued at $813,000 after buying an additional 10,586 shares in the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of JOUT opened at $24.84 on Tuesday. The firm has a market cap of $256.70 million, a PE ratio of -5.56 and a beta of 0.63. The firm’s 50 day moving average price is $28.19 and its 200 day moving average price is $32.17. Johnson Outdoors Inc. has a twelve month low of $24.16 and a twelve month high of $46.11.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.30) by ($0.19). Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same quarter in the prior year, the company posted $0.38 EPS. On average, sell-side analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.31%. Johnson Outdoors’s dividend payout ratio (DPR) is currently -29.53%.

Johnson Outdoors Profile

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.