Morgan Dempsey Capital Management LLC cut its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 33.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,943 shares of the company’s stock after selling 17,214 shares during the period. Morgan Dempsey Capital Management LLC owned about 349,779.78% of Johnson Outdoors worth $2,465,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JOUT. American International Group Inc. lifted its holdings in Johnson Outdoors by 7.2% in the 1st quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after purchasing an additional 202 shares in the last quarter. Smith Asset Management Group LP purchased a new position in Johnson Outdoors in the 2nd quarter valued at about $149,000. ClariVest Asset Management LLC purchased a new position in Johnson Outdoors in the 2nd quarter valued at about $174,000. Nordea Investment Management AB purchased a new position in Johnson Outdoors in the 2nd quarter valued at about $174,000. Finally, UBS Group AG lifted its holdings in Johnson Outdoors by 416.1% in the 1st quarter. UBS Group AG now owns 5,445 shares of the company’s stock valued at $199,000 after purchasing an additional 4,390 shares in the last quarter. Institutional investors and hedge funds own 59.02% of the company’s stock.

In other news, Director Thomas F. Pyle, Jr. sold 1,950 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total transaction of $125,248.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total transaction of $67,020.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,950 shares of company stock valued at $255,429. Company insiders own 28.03% of the company’s stock.

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) traded up $0.09 on Thursday, hitting $68.54. The stock had a trading volume of 4,717 shares, compared to its average volume of 29,381. Johnson Outdoors Inc. has a 52 week low of $31.25 and a 52 week high of $76.18. The firm has a market capitalization of $708.55, a price-to-earnings ratio of 25.32 and a beta of 0.69.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.58%. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, October 12th. Johnson Outdoors’s dividend payout ratio is presently 12.38%.

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JOUT has been the subject of several recent research reports. Forward View reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Imperial Capital raised their price objective on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Johnson Outdoors presently has a consensus rating of “Buy” and an average price target of $67.00.

Johnson Outdoors Profile

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.

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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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