Diamond Hill Capital Management Inc. Has $1.37 Million Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Key Points

• Diamond Hill Capital Management Inc. increased its stake in Johnson Outdoors by 523.6%, owning 55,143 shares valued at approximately $1.37 million.
• Johnson Outdoors reported quarterly earnings of $0.22 per share, slightly exceeding analyst expectations, but had a negative net margin of 8.23%.
• The company recently paid a quarterly dividend of $0.33 per share, with an annualized dividend yield of 4.01%.

Diamond Hill Capital Management Inc. grew its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 523.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,143 shares of the company's stock after acquiring an additional 46,301 shares during the period. Diamond Hill Capital Management Inc. owned 0.53% of Johnson Outdoors worth $1,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC raised its holdings in Johnson Outdoors by 49.0% in the 1st quarter. CWM LLC now owns 1,575 shares of the company's stock worth $39,000 after acquiring an additional 518 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Johnson Outdoors by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock worth $74,000 after purchasing an additional 820 shares during the period. GAMMA Investing LLC increased its holdings in shares of Johnson Outdoors by 5,310.7% during the 1st quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock worth $75,000 after purchasing an additional 2,974 shares during the period. Quantbot Technologies LP bought a new position in shares of Johnson Outdoors during the 4th quarter worth about $77,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Johnson Outdoors by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock worth $92,000 after purchasing an additional 583 shares during the period. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT traded down $0.24 on Friday, hitting $32.93. 30,514 shares of the company were exchanged, compared to its average volume of 80,646. The company's 50 day moving average price is $29.75 and its two-hundred day moving average price is $28.00. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.13. The firm has a market capitalization of $340.17 million, a price-to-earnings ratio of -7.38 and a beta of 0.78.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. The company had revenue of $168.35 million for the quarter, compared to the consensus estimate of $178.27 million. During the same quarter in the previous year, the firm posted $0.21 EPS. Research analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.32 annualized dividend and a dividend yield of 4.01%. Johnson Outdoors's dividend payout ratio (DPR) is currently -29.60%.

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.