Quadrature Capital Ltd Lowers Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Quadrature Capital Ltd reduced its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 71.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,576 shares of the company’s stock after selling 21,053 shares during the quarter. Quadrature Capital Ltd owned approximately 0.08% of Johnson Outdoors worth $458,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JOUT. Wellington Management Group LLP raised its holdings in shares of Johnson Outdoors by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 140,856 shares of the company’s stock valued at $7,525,000 after acquiring an additional 7,486 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Johnson Outdoors by 20.4% in the fourth quarter. Gabelli Funds LLC now owns 17,700 shares of the company’s stock valued at $946,000 after acquiring an additional 3,000 shares in the last quarter. Isthmus Partners LLC raised its holdings in Johnson Outdoors by 7.8% in the fourth quarter. Isthmus Partners LLC now owns 27,340 shares of the company’s stock worth $1,461,000 after purchasing an additional 1,988 shares in the last quarter. Skylands Capital LLC raised its holdings in Johnson Outdoors by 38.9% in the fourth quarter. Skylands Capital LLC now owns 95,400 shares of the company’s stock worth $5,096,000 after purchasing an additional 26,742 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Johnson Outdoors by 19.2% in the fourth quarter. Russell Investments Group Ltd. now owns 115,725 shares of the company’s stock worth $6,182,000 after purchasing an additional 18,607 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Stock Performance

Shares of Johnson Outdoors stock opened at $33.95 on Monday. The company has a market capitalization of $349.69 million, a PE ratio of 72.23, a P/E/G ratio of 2.17 and a beta of 0.73. The company has a 50-day simple moving average of $37.77 and a two-hundred day simple moving average of $43.55. Johnson Outdoors Inc. has a one year low of $33.95 and a one year high of $63.31.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, May 3rd. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). The firm had revenue of $175.86 million during the quarter, compared to the consensus estimate of $158.76 million. Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. On average, equities analysts predict that Johnson Outdoors Inc. will post 1.13 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. Johnson Outdoors’s payout ratio is 280.85%.

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.