Johnson Outdoors Inc. (NASDAQ:JOUT) Short Interest Update

Johnson Outdoors Inc. (NASDAQ:JOUT) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 481,800 shares, an increase of 8.7% from the November 30th total of 443,100 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average daily volume of 41,100 shares, the short-interest ratio is presently 11.7 days.

Johnson Outdoors Stock Down 0.0 %

Shares of Johnson Outdoors stock opened at $33.00 on Wednesday. The stock’s fifty day moving average is $33.92 and its two-hundred day moving average is $35.30. The company has a market capitalization of $339.83 million, a PE ratio of -12.69, a price-to-earnings-growth ratio of 1.89 and a beta of 0.71. Johnson Outdoors has a 52 week low of $29.98 and a 52 week high of $53.86.

Johnson Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, January 9th. Johnson Outdoors’s payout ratio is -50.77%.

Institutional Investors Weigh In On Johnson Outdoors

A number of hedge funds have recently made changes to their positions in JOUT. GSA Capital Partners LLP acquired a new stake in shares of Johnson Outdoors during the third quarter worth $1,020,000. Empowered Funds LLC raised its holdings in Johnson Outdoors by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,411 shares of the company’s stock worth $666,000 after purchasing an additional 938 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Johnson Outdoors by 33.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock worth $2,734,000 after purchasing an additional 19,013 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in Johnson Outdoors by 71.5% in the third quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company’s stock valued at $2,614,000 after purchasing an additional 30,100 shares during the period. Finally, De Lisle Partners LLP increased its position in shares of Johnson Outdoors by 25.9% in the third quarter. De Lisle Partners LLP now owns 105,925 shares of the company’s stock valued at $3,839,000 after buying an additional 21,808 shares in the last quarter. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Outdoors Company 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.