3,716 Shares in Acushnet Holdings Corp. (NYSE:GOLF) Purchased by PFW Advisors LLC

PFW Advisors LLC purchased a new stake in Acushnet Holdings Corp. (NYSE:GOLF) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,716 shares of the company’s stock, valued at approximately $264,000.

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of Acushnet by 702.1% in the 3rd quarter. Jane Street Group LLC now owns 508,705 shares of the company’s stock worth $32,430,000 after purchasing an additional 445,281 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Acushnet by 258.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 266,200 shares of the company’s stock worth $16,970,000 after buying an additional 192,034 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in Acushnet by 133.0% in the third quarter. Eagle Asset Management Inc. now owns 298,958 shares of the company’s stock worth $19,059,000 after buying an additional 170,668 shares in the last quarter. International Assets Investment Management LLC bought a new position in Acushnet during the third quarter valued at approximately $7,986,000. Finally, Victory Capital Management Inc. raised its stake in shares of Acushnet by 8.2% during the third quarter. Victory Capital Management Inc. now owns 1,072,692 shares of the company’s stock worth $68,384,000 after acquiring an additional 81,065 shares in the last quarter. Institutional investors own 53.12% of the company’s stock.

Acushnet Trading Up 0.3 %

Shares of GOLF stock traded up $0.19 during mid-day trading on Monday, reaching $71.66. The stock had a trading volume of 229,370 shares, compared to its average volume of 240,360. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $4.36 billion, a PE ratio of 24.37 and a beta of 0.88. Acushnet Holdings Corp. has a 52-week low of $58.54 and a 52-week high of $76.59. The stock’s 50-day moving average price is $71.38 and its two-hundred day moving average price is $67.22.

Acushnet (NYSE:GOLF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $620.50 million for the quarter, compared to analyst estimates of $620.40 million. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. Equities analysts expect that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.215 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.86 annualized dividend and a dividend yield of 1.20%. Acushnet’s dividend payout ratio is 29.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GOLF shares. Truist Financial increased their target price on shares of Acushnet from $65.00 to $68.00 and gave the company a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group lowered Acushnet from a “buy” rating to a “hold” rating and reduced their price target for the stock from $86.00 to $75.00 in a research report on Tuesday, September 17th.

Insider Activity

In related news, insider Christopher Aaron Lindner sold 5,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $73.91, for a total value of $369,550.00. Following the sale, the insider now directly owns 88,710 shares of the company’s stock, valued at $6,556,556.10. This represents a 5.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 54.60% of the company’s stock.

About Acushnet

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.