Dean Capital Management Acquires 21,489 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Dean Capital Management boosted its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 75.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,942 shares of the company's stock after purchasing an additional 21,489 shares during the quarter. Dean Capital Management owned about 0.48% of Johnson Outdoors worth $1,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JOUT. Tower Research Capital LLC TRC raised its position in shares of Johnson Outdoors by 57.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after purchasing an additional 820 shares during the period. Quantbot Technologies LP bought a new position in Johnson Outdoors during the fourth quarter worth $77,000. Wells Fargo & Company MN increased its position in Johnson Outdoors by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock worth $92,000 after acquiring an additional 583 shares during the period. US Bancorp DE increased its position in Johnson Outdoors by 15.4% during the fourth quarter. US Bancorp DE now owns 3,477 shares of the company's stock worth $115,000 after acquiring an additional 465 shares during the period. Finally, Virtu Financial LLC bought a new position in Johnson Outdoors during the fourth quarter worth $211,000. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Stock Up 2.8%

Johnson Outdoors stock traded up $0.73 on Monday, hitting $27.06. The company's stock had a trading volume of 12,204 shares, compared to its average volume of 50,247. The firm has a market cap of $279.60 million, a P/E ratio of -6.08 and a beta of 0.73. The company has a fifty day moving average price of $24.21 and a 200-day moving average price of $29.63. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $168.35 million for the quarter, compared to analyst estimates of $178.27 million. Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same quarter in the prior year, the firm earned $0.21 EPS. Analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 4.88%. Johnson Outdoors's payout ratio is presently -29.60%.

Johnson Outdoors 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.