Public Employees Retirement System of Ohio Increases Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Public Employees Retirement System of Ohio lifted its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 143.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,959 shares of the company’s stock after purchasing an additional 2,922 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Johnson Outdoors were worth $180,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JOUT. XTX Topco Ltd raised its position in Johnson Outdoors by 51.9% during the 3rd quarter. XTX Topco Ltd now owns 10,322 shares of the company’s stock worth $374,000 after buying an additional 3,526 shares during the last quarter. Jane Street Group LLC lifted its position in Johnson Outdoors by 80.9% in the third quarter. Jane Street Group LLC now owns 14,924 shares of the company’s stock valued at $540,000 after purchasing an additional 6,676 shares during the period. Wallace Capital Management Inc. boosted its holdings in Johnson Outdoors by 11.2% in the 3rd quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock valued at $13,406,000 after purchasing an additional 37,433 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Johnson Outdoors by 89.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 22,451 shares of the company’s stock worth $813,000 after purchasing an additional 10,586 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Johnson Outdoors by 4.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 166,690 shares of the company’s stock worth $6,034,000 after buying an additional 6,700 shares in the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

Johnson Outdoors Price Performance

Johnson Outdoors stock opened at $37.37 on Friday. The stock’s 50 day moving average price is $33.91 and its 200 day moving average price is $35.36. Johnson Outdoors Inc. has a 1-year low of $29.98 and a 1-year high of $53.86. The company has a market cap of $384.95 million, a PE ratio of -14.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71.

Johnson Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. Johnson Outdoors’s payout ratio is currently -50.77%.

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.