Jacobs Levy Equity Management Inc. Boosts Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Jacobs Levy Equity Management Inc. increased its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 89.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,451 shares of the company’s stock after acquiring an additional 10,586 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Johnson Outdoors were worth $813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC boosted its holdings in Johnson Outdoors by 100.0% in the third quarter. nVerses Capital LLC now owns 800 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. FMR LLC boosted its stake in shares of Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after buying an additional 647 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Johnson Outdoors in the second quarter worth $238,000. Ballentine Partners LLC purchased a new stake in Johnson Outdoors during the third quarter valued at $253,000. Finally, Howard Financial Services LTD. bought a new position in Johnson Outdoors in the third quarter valued at about $290,000. 64.05% of the stock is owned by institutional investors.

Johnson Outdoors Stock Up 2.9 %

Johnson Outdoors stock opened at $34.44 on Tuesday. The business has a 50-day simple moving average of $33.52 and a two-hundred day simple moving average of $35.28. The company has a market cap of $354.73 million, a P/E ratio of -42.52, a P/E/G ratio of 1.66 and a beta of 0.71. Johnson Outdoors Inc. has a 52-week low of $31.60 and a 52-week high of $53.86.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a $0.33 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.32 annualized dividend and a dividend yield of 3.83%. Johnson Outdoors’s dividend payout ratio (DPR) is -162.96%.

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.