Sei Investments Co. Buys New Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Sei Investments Co. purchased a new position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,787 shares of the company’s stock, valued at approximately $356,000. Sei Investments Co. owned 0.10% of Johnson Outdoors as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC grew its holdings in Johnson Outdoors by 182.9% during the third quarter. Barclays PLC now owns 6,575 shares of the company’s stock worth $238,000 after acquiring an additional 4,251 shares during the period. First Eagle Investment Management LLC purchased a new stake in Johnson Outdoors in the 4th quarter worth approximately $1,695,000. FMR LLC grew its stake in shares of Johnson Outdoors by 94.0% during the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after purchasing an additional 647 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of Johnson Outdoors during the 4th quarter valued at approximately $1,809,000. Finally, Jane Street Group LLC lifted its stake in shares of Johnson Outdoors by 80.9% in the 3rd quarter. Jane Street Group LLC now owns 14,924 shares of the company’s stock valued at $540,000 after purchasing an additional 6,676 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

JOUT stock opened at $22.24 on Friday. Johnson Outdoors Inc. has a one year low of $21.70 and a one year high of $43.71. The firm’s fifty day moving average is $26.37 and its 200 day moving average is $31.30. The firm has a market cap of $229.83 million, a PE ratio of -4.98 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm earned $0.38 EPS. Research analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.94%. Johnson Outdoors’s dividend payout ratio (DPR) is -29.53%.

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.