Legato Capital Management LLC Increases Stock Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Legato Capital Management LLC lifted its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,941 shares of the company's stock after acquiring an additional 8,535 shares during the period. Legato Capital Management LLC owned approximately 0.39% of Johnson Outdoors worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in JOUT. Virtu Financial LLC bought a new stake in Johnson Outdoors in the 4th quarter worth approximately $211,000. Quantbot Technologies LP bought a new stake in Johnson Outdoors in the 4th quarter worth approximately $77,000. American Century Companies Inc. grew its position in 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. bought a new stake in Johnson Outdoors in the 4th quarter worth approximately $356,000. Finally, Rodgers Brothers Inc. grew its position in 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 Trading Down 0.7%

NASDAQ:JOUT traded down $0.24 during trading hours on Friday, reaching $32.93. The company had a trading volume of 30,514 shares, compared to its average volume of 80,646. Johnson Outdoors Inc. has a 52 week low of $21.33 and a 52 week high of $43.13. The firm's 50 day moving average price is $29.75 and its 200-day moving average price is $27.96. The firm has a market cap of $340.30 million, a price-to-earnings ratio of -7.38 and a beta of 0.78.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $168.35 million during 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. On average, analysts forecast that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

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