Peapod Lane Capital LLC Buys Shares of 54,812 Johnson Outdoors Inc. (NASDAQ:JOUT)

Peapod Lane Capital LLC purchased a new position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 54,812 shares of the company’s stock, valued at approximately $1,809,000. Johnson Outdoors makes up approximately 1.8% of Peapod Lane Capital LLC’s portfolio, making the stock its 23rd biggest position. Peapod Lane Capital LLC owned 0.53% of Johnson Outdoors at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JOUT. GSA Capital Partners LLP purchased a new stake in Johnson Outdoors during the third quarter worth $1,020,000. Barclays PLC raised its stake in shares of Johnson Outdoors by 182.9% during the 3rd quarter. Barclays PLC now owns 6,575 shares of the company’s stock worth $238,000 after buying an additional 4,251 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Johnson Outdoors by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 18,411 shares of the company’s stock worth $666,000 after buying an additional 938 shares during the last quarter. De Lisle Partners LLP grew its stake in Johnson Outdoors by 25.9% in the 3rd quarter. De Lisle Partners LLP now owns 105,925 shares of the company’s stock valued at $3,839,000 after acquiring an additional 21,808 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Johnson Outdoors by 33.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock valued at $2,734,000 after acquiring an additional 19,013 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Trading Down 0.5 %

Shares of JOUT opened at $28.97 on Thursday. Johnson Outdoors Inc. has a 12-month low of $28.15 and a 12-month high of $46.89. The company has a 50-day moving average of $33.52 and a two-hundred day moving average of $34.59. The stock has a market cap of $299.26 million, a P/E ratio of -6.48 and a beta of 0.69.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $0.38 earnings per share. As a group, analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, January 10th. This represents a $1.32 annualized dividend and a dividend yield of 4.56%. Johnson Outdoors’s dividend payout ratio is currently -29.53%.

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.