Peapod Lane Capital LLC Makes New Investment in Johnson Outdoors Inc. (NASDAQ:JOUT)

Peapod Lane Capital LLC purchased a new position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,812 shares of the company's stock, valued at approximately $1,809,000. Johnson Outdoors comprises 1.8% of Peapod Lane Capital LLC's holdings, making the stock its 23rd largest holding. Peapod Lane Capital LLC owned 0.53% of Johnson Outdoors as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JOUT. nVerses Capital LLC grew its stake in shares of Johnson Outdoors by 100.0% in the third quarter. nVerses Capital LLC now owns 800 shares of the company's stock worth $29,000 after acquiring an additional 400 shares during the last quarter. FMR LLC grew its position in Johnson Outdoors by 94.0% during the 3rd quarter. FMR LLC now owns 1,335 shares of the company's stock valued at $48,000 after purchasing an additional 647 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Johnson Outdoors by 143.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company's stock valued at $180,000 after purchasing an additional 2,922 shares in the last quarter. Barclays PLC raised its holdings in Johnson Outdoors by 182.9% in the third quarter. Barclays PLC now owns 6,575 shares of the company's stock worth $238,000 after buying an additional 4,251 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Johnson Outdoors in the third quarter worth approximately $253,000. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT traded up $0.51 during trading on Monday, reaching $30.23. 22,533 shares of the stock traded hands, compared to its average volume of 45,454. The stock has a market cap of $312.28 million, a P/E ratio of -6.76 and a beta of 0.69. The stock has a 50-day moving average of $33.29 and a two-hundred day moving average of $34.32. Johnson Outdoors Inc. has a 52-week low of $28.15 and a 52-week high of $46.89.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing the consensus estimate 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 in the previous year, the company earned $0.38 EPS. Sell-side analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were issued a $0.33 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.32 annualized dividend and a yield of 4.37%. Johnson Outdoors's payout ratio is -29.53%.

Johnson Outdoors 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.