2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. increased its holdings in shares of Acushnet Holdings Corp. ( NYSE:GOLF – Free Report ) by 6.
7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,868 shares of the company’s stock after purchasing an additional 8,248 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.21% of Acushnet worth $8,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock.
Thornburg Investment Management Inc. acquired a new position in shares of Acushnet in the second quarter worth about $7,794,000. American Century Companies Inc.
grew its holdings in shares of Acushnet by 102.0% during the second quarter. American Century Companies Inc.
now owns 18,135 shares of the company’s stock worth $1,151,000 after buying an additional 9,156 shares in the last quarter. Van Hulzen Asset Management LLC grew its position in shares of Acushnet by 6.5% in the second quarter.
Van Hulzen Asset Management LLC now owns 18,824 shares of the company’s stock valued at $1,195,000 after purchasing an additional 1,155 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Acushnet by 5.
2% during the 2nd quarter. Wedbush Securities Inc. now owns 3,535 shares of the company’s stock valued at $224,000 after acquiring an additional 176 shares during the last quarter.
Finally, Quest Partners LLC purchased a new stake in shares of Acushnet during the 2nd quarter valued at approximately $209,000. 53.12% of the stock is owned by institutional investors and hedge funds.
Acushnet Trading Up 0.3 % Shares of GOLF stock opened at $64.16 on Friday.
The firm has a market capitalization of $4.05 billion, a PE ratio of 22.28 and a beta of 0.
85. Acushnet Holdings Corp. has a 1-year low of $49.
42 and a 1-year high of $74.77. The business’s fifty day moving average price is $66.
75 and its 200 day moving average price is $64.76. The company has a debt-to-equity ratio of 0.
81, a current ratio of 2.28 and a quick ratio of 1.27.
Acushnet Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.215 per share.
This represents a $0.86 annualized dividend and a dividend yield of 1.34%.
The ex-dividend date was Friday, September 6th. Acushnet’s payout ratio is 29.86%.
Insider Activity In related news, Director Holdings Corp. Fila sold 587,520 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $63.
83, for a total value of $37,501,401.60. Following the transaction, the director now directly owns 32,522,966 shares of the company’s stock, valued at approximately $2,075,940,919.
78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Company insiders own 54.
60% of the company’s stock. Analyst Ratings Changes Several equities analysts have recently commented on GOLF shares. Jefferies Financial Group lowered shares of Acushnet from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $86.
00 to $75.00 in a report on Tuesday, September 17th. Truist Financial raised their target price on Acushnet from $63.
00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Compass Point cut their price target on Acushnet from $78.
00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock.
According to MarketBeat, Acushnet currently has an average rating of “Hold” and a consensus price target of $67.43. Get Our Latest Report on Acushnet Acushnet Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding GOLF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Acushnet Holdings Corp. ( NYSE:GOLF – Free Report ). Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.
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