Skylands Capital LLC Purchases 26,742 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Skylands Capital LLC grew its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 38.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 95,400 shares of the company’s stock after buying an additional 26,742 shares during the period. Skylands Capital LLC’s holdings in Johnson Outdoors were worth $5,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Legacy Financial Group LLC acquired a new position in shares of Johnson Outdoors in the third quarter valued at $28,000. SG Americas Securities LLC acquired a new position in shares of Johnson Outdoors in the 4th quarter valued at $101,000. Strs Ohio bought a new position in shares of Johnson Outdoors during the 3rd quarter worth about $114,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $239,000. Finally, Autumn Glory Partners LLC acquired a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $255,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Trading Down 1.2 %

NASDAQ:JOUT traded down $0.51 during mid-day trading on Monday, hitting $41.24. The company’s stock had a trading volume of 38,409 shares, compared to its average volume of 43,839. The company has a market capitalization of $423.95 million, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.12 and a beta of 0.74. Johnson Outdoors Inc. has a fifty-two week low of $41.00 and a fifty-two week high of $64.71. The stock has a fifty day moving average of $44.14 and a 200-day moving average of $47.66.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.23. Johnson Outdoors had a return on equity of 3.47% and a net margin of 2.82%. The company had revenue of $138.64 million for the quarter, compared to analyst estimates of $140.44 million. During the same period in the prior year, the company posted $0.57 EPS. On average, equities analysts anticipate that Johnson Outdoors Inc. will post 2.67 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.32 annualized dividend and a yield of 3.20%. Johnson Outdoors’s dividend payout ratio is currently 77.19%.

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.