Legato Capital Management LLC Has $992,000 Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Legato Capital Management LLC boosted its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,941 shares of the company's stock after purchasing an additional 8,535 shares during the quarter. Legato Capital Management LLC owned about 0.39% of Johnson Outdoors worth $992,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JOUT. CWM LLC lifted its position in Johnson Outdoors by 49.0% in the 1st quarter. CWM LLC now owns 1,575 shares of the company's stock valued at $39,000 after purchasing an additional 518 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Johnson Outdoors by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after buying an additional 820 shares during the period. GAMMA Investing LLC increased its stake in Johnson Outdoors by 5,310.7% during the 1st quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock valued at $75,000 after buying an additional 2,974 shares during the period. Quantbot Technologies LP acquired a new position in Johnson Outdoors during the 4th quarter valued at about $77,000. Finally, Wells Fargo & Company MN increased its stake in Johnson Outdoors by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after buying an additional 583 shares during the period. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Price Performance

Shares of JOUT traded down $0.24 during mid-day trading on Friday, hitting $32.93. The company's stock had a trading volume of 30,514 shares, compared to its average volume of 80,646. The firm has a 50-day moving average price of $29.75 and a 200 day moving average price of $28.00. The stock has a market capitalization of $340.17 million, a price-to-earnings ratio of -7.38 and a beta of 0.78. Johnson Outdoors Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced 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. The company had revenue of $168.35 million for the quarter, compared to analysts' expectations of $178.27 million. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, July 10th. Johnson Outdoors's payout ratio is -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.