Acuitas Investments LLC Acquires Shares of 43,298 Johnson Outdoors Inc. (NASDAQ:JOUT)

Acuitas Investments LLC purchased a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 43,298 shares of the company’s stock, valued at approximately $1,515,000. Acuitas Investments LLC owned about 0.42% of Johnson Outdoors at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its holdings in shares of Johnson Outdoors by 39.5% during the first quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock worth $11,449,000 after buying an additional 70,300 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Johnson Outdoors during the 4th quarter valued at about $2,996,000. Skylands Capital LLC raised its holdings in Johnson Outdoors by 43.7% in the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock valued at $5,663,000 after acquiring an additional 49,200 shares during the last quarter. Vanguard Group Inc. lifted its stake in Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock worth $15,959,000 after purchasing an additional 42,314 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Johnson Outdoors by 66.1% during the 1st quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company’s stock worth $3,367,000 after purchasing an additional 29,065 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

Johnson Outdoors Trading Up 0.5 %

Shares of JOUT stock opened at $36.80 on Friday. Johnson Outdoors Inc. has a twelve month low of $32.79 and a twelve month high of $55.88. The company’s 50-day moving average price is $36.72 and its 200-day moving average price is $39.23. The stock has a market cap of $379.08 million, a price-to-earnings ratio of 78.30, a PEG ratio of 36.68 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $172.47 million during the quarter, compared to analysts’ expectations of $176.14 million. Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. During the same period last year, the company earned $1.44 EPS. As a group, equities research analysts predict that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Johnson Outdoors from a “sell” rating to a “hold” rating in a report 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.