1 week Ago By Defense World Staff
Orion Portfolio Solutions LLC cut its stake in Acushnet Holdings Corp. (NYSE:GOLF – Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 9,303 shares of the company’s stock after selling 1,325 shares during the period. Orion Portfolio Solutions LLC’s holdings in Acushnet were worth $661,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also bought and sold shares of the stock.
Blue Trust Inc. grew its holdings in shares of Acushnet by 100.6% during the fourth quarter.
Blue Trust Inc. now owns 351 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. Quarry LP grew its stake in Acushnet by 745.
6% during the 3rd quarter. Quarry LP now owns 1,057 shares of the company’s stock valued at $67,000 after purchasing an additional 932 shares during the last quarter. Berry Wealth Group LP purchased a new position in shares of Acushnet in the fourth quarter worth about $202,000.
Heritage Family Offices LLP acquired a new stake in shares of Acushnet during the fourth quarter worth about $205,000. Finally, Leavell Investment Management Inc. purchased a new stake in Acushnet in the fourth quarter valued at approximately $210,000.
Institutional investors and hedge funds own 53.12% of the company’s stock. Acushnet Trading Up 1.
3 %Shares of NYSE:GOLF opened at $60.35 on Monday. The firm has a market capitalization of $3.
62 billion, a price-to-earnings ratio of 20.53 and a beta of 0.84.
The business’s 50 day moving average price is $66.30 and its 200-day moving average price is $67.71.
The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.
14. Acushnet Holdings Corp. has a 1 year low of $57.
21 and a 1 year high of $76.65. Acushnet (NYSE:GOLF – Get Free Report) last announced its earnings results on Thursday, February 27th.
The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.
31. Acushnet had a net margin of 7.78% and a return on equity of 21.
45%. The business had revenue of $445.17 billion for the quarter, compared to analyst estimates of $454.
83 million. On average, equities research analysts forecast that Acushnet Holdings Corp. will post 3.
06 earnings per share for the current fiscal year. Acushnet Increases DividendThe company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.
235 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Acushnet’s previous quarterly dividend of $0.
22. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.
56%. Acushnet’s payout ratio is currently 28.23%.
Wall Street Analyst Weigh InSeveral brokerages have commented on GOLF. KeyCorp decreased their price objective on shares of Acushnet from $80.00 to $77.
00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Compass Point upgraded Acushnet from a “neutral” rating to a “buy” rating and upped their target price for the stock from $77.00 to $80.
00 in a research note on Tuesday, March 4th. StockNews.com cut Acushnet from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th.
Finally, JPMorgan Chase & Co. cut shares of Acushnet from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $69.00 to $64.
00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.
com, Acushnet presently has an average rating of “Hold” and an average price target of $72.80.Get Our Latest Research Report on GOLFInsider Buying and SellingIn related news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction dated Monday, March 10th.
The shares were sold at an average price of $70.86, for a total transaction of $1,417,200.00.
Following the completion of the sale, the insider now owns 96,006 shares of the company’s stock, valued at approximately $6,802,985.16. This represents a 17.
24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 54.
60% of the stock is owned by company insiders. 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.See AlsoFive stocks we like better than AcushnetWhere to Find Earnings Call TranscriptsNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?How to buy stock: A step-by-step guide for beginners Disney 2025 Shareholders: Major Updates for InvestorsTransportation Stocks InvestingAdvance Auto Parts Stock: A Classic Rebound Play in the Making.
