Corient Private Wealth LLC Acquires Shares of 50,464 Johnson Outdoors Inc. $JOUT

Corient Private Wealth LLC acquired a new stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,464 shares of the company’s stock, valued at approximately $1,528,000. Corient Private Wealth LLC owned 0.49% of Johnson Outdoors as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new position in Johnson Outdoors in the first quarter valued at $395,000. American Century Companies Inc. raised its position in Johnson Outdoors by 94.7% in the first quarter. American Century Companies Inc. now owns 17,089 shares of the company’s stock valued at $424,000 after purchasing an additional 8,313 shares during the period. Gabelli Funds LLC boosted its position in shares of Johnson Outdoors by 16.7% during the 1st quarter. Gabelli Funds LLC now owns 24,036 shares of the company’s stock worth $597,000 after purchasing an additional 3,436 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Johnson Outdoors by 11.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 397,117 shares of the company’s stock valued at $9,864,000 after acquiring an additional 41,717 shares during the period. Finally, AQR Capital Management LLC boosted its position in Johnson Outdoors by 127.5% in the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company’s stock valued at $833,000 after buying an additional 18,782 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

Shares of JOUT opened at $44.41 on Thursday. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $48.50. The stock has a market cap of $462.26 million, a price-to-earnings ratio of -13.26, a PEG ratio of 3.02 and a beta of 0.99. The company has a 50-day moving average of $41.16 and a two-hundred day moving average of $38.12.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Thursday, January 8th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. Johnson Outdoors’s payout ratio is currently -39.40%.

Insider Buying and Selling at Johnson Outdoors

In related news, Director Edward F. Lang sold 2,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total value of $87,880.00. Following the completion of the sale, the director owned 32,171 shares in the company, valued at approximately $1,413,593.74. This trade represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday. Wall Street Zen cut Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Zacks Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.