Short Interest in Johnson Outdoors Inc. (NASDAQ:JOUT) Rises By 8.7%

Johnson Outdoors Inc. (NASDAQ:JOUT) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 481,800 shares, a growth of 8.7% from the November 30th total of 443,100 shares. Based on an average daily trading volume, of 41,100 shares, the short-interest ratio is presently 11.7 days. Currently, 5.8% of the shares of the stock are short sold.

Johnson Outdoors Stock Down 0.0 %

NASDAQ:JOUT opened at $33.00 on Thursday. The stock has a market cap of $339.83 million, a PE ratio of -12.69, a P/E/G ratio of 1.89 and a beta of 0.71. The business’s 50-day simple moving average is $33.92 and its two-hundred day simple moving average is $35.28. Johnson Outdoors has a 52 week low of $29.98 and a 52 week high of $53.86.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, January 10th. Johnson Outdoors’s payout ratio is currently -50.77%.

Hedge Funds Weigh In On Johnson Outdoors

Hedge funds have recently modified their holdings of the stock. Deprince Race & Zollo Inc. increased its holdings in Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock valued at $7,829,000 after acquiring an additional 59,016 shares during the last quarter. Acuitas Investments LLC purchased a new stake in shares of Johnson Outdoors in the second quarter worth about $1,515,000. Wallace Capital Management Inc. boosted its stake in Johnson Outdoors by 11.2% during the third quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock valued at $13,406,000 after buying an additional 37,433 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in Johnson Outdoors by 71.5% during the 3rd quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company’s stock valued at $2,614,000 after buying an additional 30,100 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Johnson Outdoors during the 3rd quarter worth approximately $1,020,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.

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.