Diamond Hill Capital Management Inc. Has $292,000 Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Diamond Hill Capital Management Inc. lowered its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 72.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,842 shares of the company’s stock after selling 22,800 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.09% of Johnson Outdoors worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wallace Capital Management Inc. lifted its stake in Johnson Outdoors by 11.2% in the 3rd quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock valued at $13,406,000 after purchasing an additional 37,433 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Johnson Outdoors by 4.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 166,690 shares of the company’s stock valued at $6,034,000 after buying an additional 6,700 shares during the period. Skylands Capital LLC lifted its position in shares of Johnson Outdoors by 2.8% in the fourth quarter. Skylands Capital LLC now owns 162,200 shares of the company’s stock valued at $5,353,000 after buying an additional 4,450 shares during the last quarter. De Lisle Partners LLP boosted its stake in shares of Johnson Outdoors by 25.9% during the 3rd quarter. De Lisle Partners LLP now owns 105,925 shares of the company’s stock worth $3,839,000 after acquiring an additional 21,808 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Johnson Outdoors by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 74,694 shares of the company’s stock worth $2,465,000 after acquiring an additional 7,861 shares during the period. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Trading Up 0.8 %

JOUT opened at $25.05 on Friday. The stock’s fifty day simple moving average is $30.07 and its 200 day simple moving average is $33.04. Johnson Outdoors Inc. has a 1-year low of $24.74 and a 1-year high of $46.38. The stock has a market cap of $258.87 million, a PE ratio of -5.60 and a beta of 0.63.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.19). 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 business earned $0.38 earnings per share. Equities analysts forecast that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.27%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -29.53%.

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.