Russell Investments Group Ltd. acquired a new position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,350 shares of the company’s stock, valued at approximately $1,941,000. Russell Investments Group Ltd. owned approximately 0.29% of Johnson Outdoors as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in JOUT. First Trust Advisors LP boosted its position in Johnson Outdoors by 147.6% during the first quarter. First Trust Advisors LP now owns 110,968 shares of the company’s stock valued at $8,626,000 after acquiring an additional 66,158 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Johnson Outdoors during the 4th quarter worth about $1,394,000. Victory Capital Management Inc. boosted its position in shares of Johnson Outdoors by 52.5% during the 3rd quarter. Victory Capital Management Inc. now owns 49,176 shares of the company’s stock worth $2,523,000 after purchasing an additional 16,919 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Johnson Outdoors by 151.8% during the 3rd quarter. Citadel Advisors LLC now owns 26,644 shares of the company’s stock worth $1,367,000 after purchasing an additional 16,061 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of Johnson Outdoors during the 4th quarter worth about $843,000. 60.15% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Johnson Outdoors
In other Johnson Outdoors news, Director John M. Fahey, Jr. sold 4,239 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $63.94, for a total value of $271,041.66. Following the completion of the sale, the director now owns 14,921 shares in the company, valued at approximately $954,048.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. 27.53% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Johnson Outdoors Stock Performance
Shares of NASDAQ JOUT opened at $61.20 on Monday. Johnson Outdoors Inc. has a fifty-two week low of $46.30 and a fifty-two week high of $73.43. The stock has a market cap of $627.30 million, a price-to-earnings ratio of 14.07, a PEG ratio of 0.94 and a beta of 0.87. The firm’s 50-day simple moving average is $60.11 and its 200 day simple moving average is $62.14.
Johnson Outdoors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 27th. Investors of record on Thursday, April 13th were given a $0.31 dividend. The ex-dividend date was Wednesday, April 12th. This represents a $1.24 annualized dividend and a yield of 2.03%. Johnson Outdoors’s payout ratio is 28.51%.
About Johnson Outdoors
Johnson Outdoors, Inc engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors, Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography, and Cannon downriggers for controlled-depth fishing.
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