Diamond Hill Capital Management Inc. Sells 22,800 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Diamond Hill Capital Management Inc. cut its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 72.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,842 shares of the company's stock after selling 22,800 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.09% of Johnson Outdoors worth $292,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its stake in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company's stock valued at $48,000 after acquiring an additional 647 shares in the last quarter. US Bancorp DE grew its stake in shares of Johnson Outdoors by 15.4% in the fourth quarter. US Bancorp DE now owns 3,477 shares of the company's stock valued at $115,000 after acquiring an additional 465 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Johnson Outdoors by 143.4% in the third quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company's stock valued at $180,000 after acquiring an additional 2,922 shares in the last quarter. Barclays PLC grew its stake in shares of Johnson Outdoors by 182.9% in the third quarter. Barclays PLC now owns 6,575 shares of the company's stock valued at $238,000 after acquiring an additional 4,251 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Johnson Outdoors by 51.9% in the third quarter. XTX Topco Ltd now owns 10,322 shares of the company's stock valued at $374,000 after acquiring an additional 3,526 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

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Johnson Outdoors Price Performance

JOUT traded up $0.16 on Wednesday, hitting $25.36. 44,085 shares of the stock were exchanged, compared to its average volume of 51,333. Johnson Outdoors Inc. has a 12 month low of $24.74 and a 12 month high of $46.38. The business has a 50-day moving average of $29.67 and a two-hundred day moving average of $32.85. The firm has a market capitalization of $262.07 million, a price-to-earnings ratio of -5.67 and a beta of 0.63.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted 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 return on equity of 9.62% and a negative net margin of 8.15%. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.21%. Johnson Outdoors's dividend payout ratio is -29.53%.

Johnson Outdoors Company 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.