Foundry Partners LLC Invests $3.03 Million in Johnson Outdoors Inc. (NASDAQ:JOUT)

Foundry Partners LLC purchased a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 91,735 shares of the company’s stock, valued at approximately $3,027,000.

A number of other large investors also recently bought and sold shares of the business. FMR LLC raised its stake in shares of Johnson Outdoors by 94.0% during the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after buying an additional 647 shares during the period. BNP Paribas Financial Markets increased its holdings in Johnson Outdoors by 60.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,758 shares of the company’s stock worth $570,000 after acquiring an additional 5,921 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in 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 acquiring an additional 6,700 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Johnson Outdoors by 89.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 22,451 shares of the company’s stock valued at $813,000 after purchasing an additional 10,586 shares in the last quarter. Finally, Wallace Capital Management Inc. grew its position in shares of Johnson Outdoors by 11.2% in the third 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 period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Up 3.1 %

JOUT stock opened at $24.09 on Friday. The stock has a market capitalization of $248.95 million, a P/E ratio of -5.39 and a beta of 0.63. Johnson Outdoors Inc. has a 52 week low of $22.58 and a 52 week high of $46.04. The firm has a 50-day simple moving average of $27.49 and a 200-day simple moving average of $31.90.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $0.38 EPS. On average, analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.48%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -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.