Invenomic Capital Management LP Has $1.42 Million Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Invenomic Capital Management LP lowered its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,148 shares of the company’s stock after selling 6,916 shares during the period. Invenomic Capital Management LP owned approximately 0.42% of Johnson Outdoors worth $1,424,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of Johnson Outdoors by 57.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company’s stock valued at $74,000 after purchasing an additional 820 shares in the last quarter. Quantbot Technologies LP bought a new position in Johnson Outdoors during the fourth quarter worth $77,000. Wells Fargo & Company MN increased its stake in Johnson Outdoors by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,788 shares of the company’s stock valued at $92,000 after purchasing an additional 583 shares in the last quarter. US Bancorp DE increased its stake in Johnson Outdoors by 15.4% in the fourth quarter. US Bancorp DE now owns 3,477 shares of the company’s stock valued at $115,000 after purchasing an additional 465 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Johnson Outdoors during the fourth quarter valued at about $211,000. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Price Performance

Shares of JOUT opened at $26.33 on Monday. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.13. The company has a market cap of $272.09 million, a PE ratio of -5.89 and a beta of 0.73. The stock has a 50-day moving average of $24.21 and a 200-day moving average of $29.63.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $168.35 million during the quarter, compared to analysts’ expectations of $178.27 million. 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 firm posted $0.21 earnings per share. Analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, April 10th. Johnson Outdoors’s dividend payout ratio (DPR) is -29.60%.

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.