Jane Street Group LLC Increases Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Jane Street Group LLC raised its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 80.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,924 shares of the company’s stock after purchasing an additional 6,676 shares during the quarter. Jane Street Group LLC’s holdings in Johnson Outdoors were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wallace Capital Management Inc. grew its stake in shares of 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 during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock valued at $7,829,000 after purchasing an additional 59,016 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Johnson Outdoors by 4.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 166,690 shares of the company’s stock valued at $6,034,000 after buying an additional 6,700 shares in the last quarter. De Lisle Partners LLP boosted its stake 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, Allspring Global Investments Holdings LLC boosted its stake in shares of Johnson Outdoors by 33.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock valued at $2,734,000 after buying an additional 19,013 shares in the last quarter. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Outdoors Price Performance

Johnson Outdoors stock opened at $34.25 on Monday. Johnson Outdoors Inc. has a 1-year low of $29.98 and a 1-year high of $50.00. The company has a market cap of $352.71 million, a PE ratio of -13.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.69. The stock’s 50 day moving average price is $33.97 and its 200 day moving average price is $35.26.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.33 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.85%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -50.77%.

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.