Acushnet Holdings Corp. (NYSE:GOLF) Shares Sold by Jump Financial LLC

Jump Financial LLC decreased its position in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,300 shares of the company's stock after selling 4,400 shares during the quarter. Jump Financial LLC's holdings in Acushnet were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Acushnet by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,013,857 shares of the company's stock valued at $64,632,000 after buying an additional 63,294 shares during the period. Tidal Investments LLC purchased a new stake in Acushnet in the third quarter valued at $508,000. Sei Investments Co. lifted its stake in shares of Acushnet by 4.3% in the 4th quarter. Sei Investments Co. now owns 102,137 shares of the company's stock valued at $7,260,000 after purchasing an additional 4,256 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Acushnet by 35.0% during the 4th quarter. Atria Investments Inc now owns 31,890 shares of the company's stock worth $2,267,000 after purchasing an additional 8,268 shares during the period. Finally, Barclays PLC grew its holdings in shares of 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 purchasing an additional 38,041 shares during the period. Hedge funds and other institutional investors own 53.12% of the company's stock.

Insider Activity

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of Acushnet 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. The trade was a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 54.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GOLF shares. KeyCorp reduced their price target on shares of Acushnet from $77.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. StockNews.com cut Acushnet from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Truist Financial lowered their price target on Acushnet from $68.00 to $64.00 and set a "hold" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. downgraded Acushnet from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $69.00 to $64.00 in a report on Thursday, January 23rd. Finally, Compass Point upgraded Acushnet from a "neutral" rating to a "buy" rating and raised their target price for the company from $77.00 to $80.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $70.60.

Acushnet Stock Up 0.5 %

NYSE GOLF traded up $0.31 during trading hours on Wednesday, hitting $61.96. 329,984 shares of the company were exchanged, compared to its average volume of 370,107. The company has a 50 day moving average of $64.57 and a two-hundred day moving average of $67.32. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 21.07 and a beta of 0.84. Acushnet Holdings Corp. has a 52-week low of $55.31 and a 52-week high of $76.65.

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

Acushnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.235 per share. This is a positive change from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. This represents a $0.94 annualized dividend and a dividend yield of 1.52%. Acushnet's dividend payout ratio (DPR) is presently 28.23%.

Acushnet Company 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.