Denali Advisors LLC Raises Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Denali Advisors LLC increased its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,300 shares of the company’s stock after buying an additional 1,900 shares during the quarter. Denali Advisors LLC owned about 0.29% of Johnson Outdoors worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in JOUT. Quadrature Capital Ltd raised its position in Johnson Outdoors by 5.8% in the third quarter. Quadrature Capital Ltd now owns 29,629 shares of the company’s stock valued at $1,621,000 after purchasing an additional 1,618 shares during the period. SG Americas Securities LLC purchased a new position in Johnson Outdoors in the fourth quarter valued at about $101,000. Isthmus Partners LLC raised its position in Johnson Outdoors by 7.8% in the fourth quarter. Isthmus Partners LLC now owns 27,340 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,988 shares during the period. Gabelli Funds LLC raised its position in Johnson Outdoors by 20.4% in the fourth quarter. Gabelli Funds LLC now owns 17,700 shares of the company’s stock valued at $946,000 after purchasing an additional 3,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Johnson Outdoors by 5.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 82,052 shares of the company’s stock valued at $3,783,000 after acquiring an additional 3,906 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Stock Up 1.3 %

Shares of Johnson Outdoors stock traded up $0.45 during trading hours on Wednesday, hitting $34.40. 59,185 shares of the company’s stock traded hands, compared to its average volume of 54,715. The company has a market cap of $354.32 million, a PE ratio of 72.23, a PEG ratio of 2.21 and a beta of 0.74. Johnson Outdoors Inc. has a twelve month low of $33.17 and a twelve month high of $60.90. The stock has a 50 day simple moving average of $36.57 and a 200-day simple moving average of $42.83.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). The business had revenue of $175.86 million during the quarter, compared to analyst estimates of $158.76 million. Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. As a group, equities research analysts predict that Johnson Outdoors Inc. will post 1.13 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, July 11th. Johnson Outdoors’s payout ratio is 280.85%.

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.