Hotchkis & Wiley Capital Management LLC Buys 6,700 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Hotchkis & Wiley Capital Management LLC raised its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,690 shares of the company’s stock after acquiring an additional 6,700 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Johnson Outdoors were worth $6,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. nVerses Capital LLC grew its stake in shares of Johnson Outdoors by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 800 shares of the company’s stock worth $29,000 after buying an additional 400 shares in the last quarter. FMR LLC grew its stake in shares of Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after buying an additional 647 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Johnson Outdoors by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,411 shares of the company’s stock worth $666,000 after buying an additional 938 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Johnson Outdoors by 6.1% in the 2nd quarter. Gabelli Funds LLC now owns 20,900 shares of the company’s stock worth $731,000 after buying an additional 1,200 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Johnson Outdoors by 44.3% in the 3rd quarter. Creative Planning now owns 10,997 shares of the company’s stock worth $398,000 after buying an additional 3,376 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Trading Down 1.7 %

JOUT stock opened at $33.16 on Friday. Johnson Outdoors Inc. has a 12 month low of $31.60 and a 12 month high of $55.30. The company has a 50-day moving average price of $33.61 and a 200 day moving average price of $35.32. The stock has a market cap of $341.55 million, a PE ratio of -40.94, a P/E/G ratio of 1.65 and a beta of 0.71.

Johnson Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.98%. Johnson Outdoors’s dividend payout ratio is presently -162.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

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.