Diamond Hill Capital Management Inc. Has $292,000 Stock Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Diamond Hill Capital Management Inc. lessened its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 72.1% in the fourth quarter, HoldingsChannel reports. The fund owned 8,842 shares of the company’s stock after selling 22,800 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Johnson Outdoors were 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. Wallace Capital Management Inc. raised its stake in Johnson Outdoors by 11.2% in the 3rd quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock worth $13,406,000 after purchasing an additional 37,433 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Johnson Outdoors by 4.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 166,690 shares of the company’s stock worth $6,034,000 after purchasing an additional 6,700 shares during the period. Skylands Capital LLC increased its holdings in shares of Johnson Outdoors by 2.8% during the fourth quarter. Skylands Capital LLC now owns 162,200 shares of the company’s stock worth $5,353,000 after purchasing an additional 4,450 shares during the period. De Lisle Partners LLP raised its position in shares of Johnson Outdoors by 25.9% in the third quarter. De Lisle Partners LLP now owns 105,925 shares of the company’s stock valued at $3,839,000 after buying an additional 21,808 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Johnson Outdoors by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 74,694 shares of the company’s stock valued at $2,465,000 after buying an additional 7,861 shares during the period. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Price Performance

Shares of NASDAQ:JOUT opened at $25.05 on Friday. The company has a market capitalization of $258.87 million, a P/E ratio of -5.60 and a beta of 0.63. The business’s 50 day simple moving average is $30.07 and its 200 day simple moving average is $33.04. Johnson Outdoors Inc. has a 1 year low of $24.74 and a 1 year high of $46.38.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share (EPS) 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 period last year, the business earned $0.38 EPS. On average, sell-side analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Thursday, April 10th. Johnson Outdoors’s dividend payout ratio is currently -29.53%.

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.