Russell Investments Group Ltd. lessened its position in Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) by 59.2% during the first quarter, Holdings Channel.com reports. The fund owned 3,594 shares of the company’s stock after selling 5,210 shares during the period. Russell Investments Group Ltd.’s holdings in Johnson Outdoors were worth $286,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in Johnson Outdoors in the 1st quarter worth $69,000. Naples Global Advisors LLC purchased a new stake in shares of Johnson Outdoors in the 1st quarter worth about $206,000. BNP Paribas Arbitrage SA lifted its position in shares of Johnson Outdoors by 139.7% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,191 shares of the company’s stock worth $299,000 after purchasing an additional 1,860 shares during the period. Raymond James & Associates purchased a new stake in shares of Johnson Outdoors in the 4th quarter worth about $349,000. Finally, Unison Advisors LLC purchased a new stake in shares of Johnson Outdoors in the 1st quarter worth about $363,000. Institutional investors own 63.63% of the company’s stock.
Analyst Upgrades and Downgrades
JOUT has been the subject of several research analyst reports. TheStreet cut shares of Johnson Outdoors from a “b-” rating to a “c+” rating in a research report on Friday, May 13th. StockNews.com cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th.
Johnson Outdoors Price Performance
Shares of NASDAQ JOUT opened at $67.86 on Wednesday. Johnson Outdoors Inc. has a 1 year low of $54.55 and a 1 year high of $119.41. The stock has a market cap of $690.00 million, a P/E ratio of 16.55 and a beta of 0.86. The firm has a 50-day moving average of $65.26 and a 200 day moving average of $71.87.
Johnson Outdoors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 29.27%.
Insider Activity at Johnson Outdoors
In related news, Director John M. Fahey, Jr. sold 1,206 shares of Johnson Outdoors stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $68.83, for a total transaction of $83,008.98. Following the completion of the transaction, the director now directly owns 19,160 shares of the company’s stock, valued at approximately $1,318,782.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 27.69% of the stock is currently owned by corporate insiders.
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.
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