AlphaQuest LLC Has $148,000 Stake in Acushnet Holdings Corp. (NYSE:GOLF)

AlphaQuest LLC trimmed its holdings in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 82.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,087 shares of the company's stock after selling 9,738 shares during the period. AlphaQuest LLC's holdings in Acushnet were worth $148,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GOLF. GSA Capital Partners LLP purchased a new stake in shares of Acushnet in the 3rd quarter valued at approximately $654,000. OneDigital Investment Advisors LLC lifted its position in shares of Acushnet by 2.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 18,433 shares of the company's stock valued at $1,175,000 after acquiring an additional 413 shares in the last quarter. Quest Partners LLC lifted its position in shares of Acushnet by 258.8% in the 3rd quarter. Quest Partners LLC now owns 11,825 shares of the company's stock valued at $754,000 after acquiring an additional 8,529 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Acushnet in the 3rd quarter valued at approximately $41,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Acushnet in the 3rd quarter valued at approximately $519,000. 53.12% of the stock is currently owned by institutional investors.

Insider Activity at Acushnet

In related news, insider Steven Francis Pelisek sold 20,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $70.86, for a total value of $1,417,200.00. Following the transaction, the insider now directly 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 filing with the SEC, which is available through this link. 54.60% of the stock is currently owned by company insiders.

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Acushnet Stock Down 1.1 %

Shares of GOLF traded down $0.75 during mid-day trading on Friday, hitting $65.53. 602,699 shares of the company's stock were exchanged, compared to its average volume of 343,778. The firm has a fifty day moving average of $67.64 and a two-hundred day moving average of $67.59. Acushnet Holdings Corp. has a twelve month low of $58.54 and a twelve month high of $76.65. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 22.29 and a beta of 0.79. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79.

Acushnet (NYSE:GOLF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.02) EPS for the quarter, topping 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 company had revenue of $445.17 billion for the quarter, compared to analyst estimates of $454.83 million. On average, sell-side analysts forecast that Acushnet Holdings Corp. will post 3.06 earnings per share for the current year.

Acushnet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.235 dividend. The ex-dividend date of this dividend is 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 yield of 1.43%. Acushnet's dividend payout ratio (DPR) is presently 28.23%.

Analyst Upgrades and Downgrades

GOLF has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Acushnet from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $69.00 to $64.00 in a research report on Thursday, January 23rd. KeyCorp cut their target price on shares of Acushnet from $80.00 to $77.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. StockNews.com downgraded shares of Acushnet from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Compass Point upgraded shares of Acushnet from a "neutral" rating to a "buy" rating and increased their target price for the stock from $77.00 to $80.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Acushnet currently has an average rating of "Hold" and an average price target of $72.80.

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.