Skylands Capital LLC Buys 33,750 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Skylands Capital LLC increased its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,950 shares of the company's stock after acquiring an additional 33,750 shares during the quarter. Skylands Capital LLC owned about 1.90% of Johnson Outdoors worth $4,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of JOUT. GAMMA Investing LLC grew its stake in shares of Johnson Outdoors by 5,310.7% in the 1st quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock worth $75,000 after buying an additional 2,974 shares during the last quarter. Two Sigma Advisers LP raised its stake in Johnson Outdoors by 47.7% during the fourth quarter. Two Sigma Advisers LP now owns 10,834 shares of the company's stock valued at $358,000 after buying an additional 3,500 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Johnson Outdoors by 164.9% in the fourth quarter. Two Sigma Investments LP now owns 21,006 shares of the company's stock worth $693,000 after acquiring an additional 13,076 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Johnson Outdoors in the fourth quarter worth $236,000. Finally, ProShare Advisors LLC grew its stake in shares of Johnson Outdoors by 18.2% in the fourth quarter. ProShare Advisors LLC now owns 231,016 shares of the company's stock worth $7,624,000 after acquiring an additional 35,612 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Performance

Shares of JOUT traded up $0.86 during trading hours on Wednesday, hitting $31.97. The company had a trading volume of 73,853 shares, compared to its average volume of 48,381. The stock has a market capitalization of $330.25 million, a price-to-earnings ratio of -7.17 and a beta of 0.78. The firm has a fifty day moving average price of $27.26 and a 200-day moving average price of $28.34. Johnson Outdoors Inc. has a 52-week low of $21.33 and a 52-week high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $178.27 million. During the same period last year, the business posted $0.21 EPS. Research analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, July 10th. Johnson Outdoors's dividend payout ratio (DPR) is presently -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.