Peapod Lane Capital LLC Invests $1.81 Million in Johnson Outdoors Inc. (NASDAQ:JOUT)

Peapod Lane Capital LLC acquired a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 54,812 shares of the company’s stock, valued at approximately $1,809,000. Johnson Outdoors accounts for 1.8% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors have also recently added to or reduced their stakes in JOUT. Exchange Traded Concepts LLC purchased a new stake in Johnson Outdoors in the 3rd quarter valued at about $295,000. Creative Planning boosted its position in shares of Johnson Outdoors by 44.3% in the third quarter. Creative Planning now owns 10,997 shares of the company’s stock worth $398,000 after acquiring an additional 3,376 shares during the last quarter. nVerses Capital LLC grew its holdings in Johnson Outdoors by 100.0% in the third 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 increased its position in Johnson Outdoors by 33.6% during 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 during the last quarter. Finally, Ballentine Partners LLC acquired a new position in Johnson Outdoors during the third quarter worth approximately $253,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Down 0.5 %

Shares of JOUT opened at $28.97 on Thursday. Johnson Outdoors Inc. has a fifty-two week low of $28.15 and a fifty-two week high of $46.89. The company’s fifty day moving average is $33.52 and its two-hundred day moving average is $34.59. The firm has a market cap of $299.26 million, a PE ratio of -6.48 and a beta of 0.69.

Johnson Outdoors (NASDAQ:JOUT) last issued its 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 net margin of 8.15% and a negative return on equity of 9.62%. During the same period last year, the firm posted $0.38 earnings per share. As a group, equities research analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Friday, January 10th. Johnson Outdoors’s dividend payout ratio (DPR) is presently -29.53%.

Johnson Outdoors Company 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.