Acushnet Holdings Corp. (NYSE:GOLF) Shares Purchased by Atria Investments Inc

Atria Investments Inc raised its position in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 35.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,890 shares of the company's stock after buying an additional 8,268 shares during the quarter. Atria Investments Inc owned about 0.05% of Acushnet worth $2,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GOLF. US Bancorp DE boosted its holdings in Acushnet by 8.2% in the 3rd quarter. US Bancorp DE now owns 9,897 shares of the company's stock valued at $631,000 after purchasing an additional 753 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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. GSA Capital Partners LLP purchased a new stake in shares of Acushnet in the third quarter valued at approximately $654,000. Victory Capital Management Inc. grew its holdings in Acushnet by 8.2% during the third quarter. Victory Capital Management Inc. now owns 1,072,692 shares of the company's stock worth $68,384,000 after acquiring an additional 81,065 shares during the period. Finally, Lummis Asset Management LP lifted its holdings in Acushnet by 11.6% in the third quarter. Lummis Asset Management LP now owns 34,497 shares of the company's stock valued at $2,199,000 after acquiring an additional 3,574 shares during the period. Hedge funds and other institutional investors own 53.12% of the company's stock.

Insider Activity

In other news, insider Steven Francis Pelisek sold 20,000 shares of the 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 transaction, the insider now directly owns 96,006 shares in the company, valued at $6,802,985.16. This represents a 17.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 54.60% of the company's stock.

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Acushnet Price Performance

Shares of GOLF traded down $2.08 during mid-day trading on Thursday, reaching $64.34. 622,546 shares of the company's stock were exchanged, compared to its average volume of 346,779. Acushnet Holdings Corp. has a 52-week low of $58.54 and a 52-week high of $76.65. 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 company has a 50-day simple moving average of $68.37 and a two-hundred day simple moving average of $67.64. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 21.88 and a beta of 0.79.

Acushnet (NYSE:GOLF - Get Free Report) last released its quarterly 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 company had revenue of $445.17 billion during the quarter, compared to analysts' expectations of $454.83 million. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. On average, sell-side analysts predict that Acushnet Holdings Corp. will post 3.06 EPS for the current fiscal year.

Acushnet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.235 per share. This is a boost from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.94 annualized dividend and a dividend yield of 1.46%. Acushnet's dividend payout ratio (DPR) is 28.23%.

Wall Street Analyst Weigh In

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

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.