Johnson Outdoors Inc. (NASDAQ:JOUT) Holdings Trimmed by Cambiar Investors LLC

Cambiar Investors LLC lowered its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,429 shares of the company’s stock after selling 3,295 shares during the period. Cambiar Investors LLC’s holdings in Johnson Outdoors were worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JOUT. Exchange Traded Concepts LLC purchased a new stake in Johnson Outdoors in the 3rd quarter worth about $295,000. Creative Planning increased its holdings in shares of Johnson Outdoors by 44.3% in the 3rd quarter. Creative Planning now owns 10,997 shares of the company’s stock valued at $398,000 after purchasing an additional 3,376 shares during the period. nVerses Capital LLC increased its holdings in shares of Johnson Outdoors by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 800 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. Allspring Global Investments Holdings LLC lifted its position 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 worth $2,734,000 after purchasing an additional 19,013 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in Johnson Outdoors during the third quarter valued at approximately $253,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Johnson Outdoors stock opened at $29.13 on Wednesday. Johnson Outdoors Inc. has a twelve month low of $28.15 and a twelve month high of $47.97. The firm has a market cap of $300.91 million, a PE ratio of -6.52 and a beta of 0.69. The firm’s 50 day moving average price is $33.60 and its two-hundred day moving average price is $34.68.

Johnson Outdoors (NASDAQ:JOUT) last posted 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 quarter last year, the company earned $0.38 earnings per share. Equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.32 annualized dividend and a dividend yield of 4.53%. Johnson Outdoors’s dividend payout ratio is -29.53%.

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.