Acushnet Holdings Corp. (NYSE:GOLF) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,137 shares of the company's stock after buying an additional 4,256 shares during the period. Sei Investments Co. owned about 0.17% of Acushnet worth $7,260,000 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. Principal Financial Group Inc. boosted its position in shares of Acushnet by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,013,857 shares of the company's stock worth $64,632,000 after acquiring an additional 63,294 shares in the last quarter. FMR LLC lifted its position in shares of Acushnet by 2.5% during the 3rd quarter. FMR LLC now owns 441,069 shares of the company's stock worth $28,118,000 after buying an additional 10,762 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Acushnet in the 3rd quarter valued at $508,000. Atria Investments Inc grew its position in shares of Acushnet by 35.0% in the 4th quarter. Atria Investments Inc now owns 31,890 shares of the company's stock valued at $2,267,000 after buying an additional 8,268 shares during the last quarter. Finally, Barclays PLC raised its stake in Acushnet by 361.5% during the 3rd quarter. Barclays PLC now owns 48,563 shares of the company's stock worth $3,096,000 after acquiring an additional 38,041 shares in the last quarter. Institutional investors and hedge funds own 53.12% of the company's stock.

Acushnet Stock Performance

Acushnet stock traded up $0.77 during trading hours on Friday, reaching $60.35. 1,026,332 shares of the stock were exchanged, compared to its average volume of 359,054. The stock has a market cap of $3.62 billion, a P/E ratio of 20.53 and a beta of 0.84. The firm's 50 day moving average is $66.30 and its 200 day moving average is $67.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 2.10. Acushnet Holdings Corp. has a 52-week low of $57.21 and a 52-week high of $76.65.

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Acushnet (NYSE:GOLF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.31. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The firm had revenue of $445.17 billion for the quarter, compared to the consensus estimate of $454.83 million. Analysts predict that Acushnet Holdings Corp. will post 3.06 EPS for the current fiscal year.

Acushnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.235 dividend. This is an increase from Acushnet's previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, March 7th. Acushnet's dividend payout ratio (DPR) is presently 28.23%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com downgraded Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. KeyCorp decreased their price objective on Acushnet from $80.00 to $77.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Compass Point upgraded shares of Acushnet from a "neutral" rating to a "buy" rating and upped their price target for the company from $77.00 to $80.00 in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. downgraded shares of Acushnet from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $69.00 to $64.00 in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $72.80.

Insider Transactions at Acushnet

In related news, insider Steven Francis Pelisek sold 20,000 shares of Acushnet stock in a transaction dated Monday, March 10th. The stock was 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 in the company, valued at approximately $6,802,985.16. This trade represents a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 54.60% of the company's stock.

Acushnet Profile

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.