Corient Private Wealth LLC Purchases New Position in Johnson Outdoors Inc. $JOUT

Corient Private Wealth LLC purchased a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 50,464 shares of the company’s stock, valued at approximately $1,528,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JOUT. Unison Advisors LLC bought a new position in Johnson Outdoors during the second quarter worth $207,000. Dean Capital Management lifted its position in shares of Johnson Outdoors by 27.1% during the first quarter. Dean Capital Management now owns 63,466 shares of the company’s stock valued at $1,576,000 after purchasing an additional 13,524 shares in the last quarter. Aristides Capital LLC boosted its stake in shares of Johnson Outdoors by 214.3% in the 2nd quarter. Aristides Capital LLC now owns 31,361 shares of the company’s stock worth $949,000 after buying an additional 21,383 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Johnson Outdoors by 28.3% in the second quarter. Russell Investments Group Ltd. now owns 182,574 shares of the company’s stock worth $5,527,000 after purchasing an additional 40,308 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Johnson Outdoors by 25.6% in the second quarter. First Eagle Investment Management LLC now owns 133,047 shares of the company’s stock worth $4,027,000 after buying an additional 27,147 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Performance

NASDAQ JOUT opened at $44.41 on Thursday. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $48.50. The firm’s fifty day moving average is $41.16 and its two-hundred day moving average is $38.12. The firm has a market cap of $462.26 million, a PE ratio of -13.26, a P/E/G ratio of 3.02 and a beta of 0.99.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Thursday, January 8th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, January 8th. Johnson Outdoors’s dividend payout ratio (DPR) is -39.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Johnson Outdoors in a research report on Monday. Wall Street Zen downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Zacks Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

Insider Activity at Johnson Outdoors

In other Johnson Outdoors news, Director Edward F. Lang sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $43.94, for a total transaction of $87,880.00. Following the completion of the transaction, the director owned 32,171 shares in the company, valued at approximately $1,413,593.74. The trade was a 5.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 27.98% of the company’s stock.

Johnson Outdoors Profile

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.