Foundry Partners LLC Decreases Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Foundry Partners LLC lowered its stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 25.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,670 shares of the company's stock after selling 23,065 shares during the quarter. Foundry Partners LLC owned about 0.66% of Johnson Outdoors worth $1,706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in Johnson Outdoors during the 4th quarter valued at approximately $211,000. Quantbot Technologies LP purchased a new position in shares of Johnson Outdoors in the 4th quarter worth approximately $77,000. American Century Companies Inc. boosted its holdings in shares of Johnson Outdoors by 10.7% in the 4th quarter. American Century Companies Inc. now owns 8,776 shares of the company's stock worth $290,000 after purchasing an additional 845 shares during the period. Sei Investments Co. purchased a new position in shares of Johnson Outdoors in the 4th quarter worth approximately $356,000. Finally, Rodgers Brothers Inc. boosted its holdings in shares of Johnson Outdoors by 34.7% in the 4th quarter. Rodgers Brothers Inc. now owns 60,086 shares of the company's stock worth $1,983,000 after purchasing an additional 15,470 shares during the period. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Price Performance

Shares of JOUT stock traded up $0.49 on Wednesday, hitting $33.19. The stock had a trading volume of 37,240 shares, compared to its average volume of 48,771. Johnson Outdoors Inc. has a 1 year low of $21.33 and a 1 year high of $43.13. The firm has a market capitalization of $342.80 million, a P/E ratio of -7.44 and a beta of 0.78. The company's 50 day moving average price is $29.29 and its 200-day moving average price is $27.96.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Johnson Outdoors had a negative return on equity of 9.90% and a negative net margin of 8.23%. The business had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. During the same period in the prior year, the business posted $0.21 EPS. On average, equities analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, July 10th. Johnson Outdoors's dividend payout ratio (DPR) is currently -29.60%.

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.