Foundry Partners LLC Makes New Investment in Johnson Outdoors Inc. (NASDAQ:JOUT)

Foundry Partners LLC purchased a new position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 91,735 shares of the company's stock, valued at approximately $3,027,000. Foundry Partners LLC owned approximately 0.89% of Johnson Outdoors as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised 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 worth $48,000 after acquiring an additional 647 shares during the last quarter. Quantbot Technologies LP acquired a new position in Johnson Outdoors during the 4th quarter worth $77,000. US Bancorp DE boosted its position in Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock valued at $115,000 after buying an additional 465 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Johnson Outdoors by 143.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company's stock valued at $180,000 after buying an additional 2,922 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Johnson Outdoors during the fourth quarter worth $211,000. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

NASDAQ:JOUT traded down $1.18 on Thursday, hitting $22.09. 12,543 shares of the stock were exchanged, compared to its average volume of 47,193. Johnson Outdoors Inc. has a 52 week low of $21.87 and a 52 week high of $43.71. The stock has a market capitalization of $228.23 million, a price-to-earnings ratio of -4.94 and a beta of 0.74. The company's 50-day moving average price is $26.52 and its 200 day moving average price is $31.40.

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Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) earnings per share (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 quarter in the prior year, the firm earned $0.38 earnings per share. As a group, equities research analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be given a $0.33 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.98%. 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.