Acushnet Holdings Corp. (NYSE:GOLF) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its position in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 75.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,820 shares of the company's stock after selling 80,388 shares during the period. Heartland Advisors Inc.'s holdings in Acushnet were worth $1,906,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company's stock worth $25,000 after buying an additional 176 shares in the last quarter. Semanteon Capital Management LP lifted its holdings in shares of Acushnet by 3.0% in the fourth quarter. Semanteon Capital Management LP now owns 9,659 shares of the company's stock valued at $687,000 after purchasing an additional 281 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Acushnet by 8.4% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company's stock valued at $298,000 after purchasing an additional 326 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Acushnet by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,628 shares of the company's stock worth $678,000 after purchasing an additional 330 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in shares of Acushnet by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,772 shares of the company's stock worth $1,324,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 53.12% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have commented on GOLF. StockNews.com cut 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 on the stock in a research note on Friday, February 28th. Compass Point raised shares of Acushnet from a "neutral" rating to a "buy" rating and boosted their target price for the company from $77.00 to $80.00 in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut shares of Acushnet from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $69.00 to $64.00 in a research note on Thursday, January 23rd. One 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 has a consensus rating of "Hold" and an average target price of $72.80.

Acushnet Trading Up 2.1 %

NYSE:GOLF traded up $1.42 during mid-day trading on Wednesday, reaching $69.13. The company's stock had a trading volume of 102,631 shares, compared to its average volume of 353,817. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14. The stock has a market cap of $4.14 billion, a P/E ratio of 23.51 and a beta of 0.79. The company's fifty day simple moving average is $66.72 and its two-hundred day simple moving average is $67.74. Acushnet Holdings Corp. has a twelve month low of $58.54 and a twelve month 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.31. The firm had revenue of $445.17 billion during the quarter, compared to the consensus estimate of $454.83 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. On average, equities analysts predict that Acushnet Holdings Corp. will post 3.06 EPS for the current year.

Acushnet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.235 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.94 dividend on an annualized basis and a yield of 1.36%. This is a boost from Acushnet's previous quarterly dividend of $0.22. Acushnet's dividend payout ratio (DPR) is presently 28.23%.

Insider Buying and Selling at Acushnet

In related news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $70.86, for a total value of $1,417,200.00. Following the completion of the sale, the insider now directly owns 96,006 shares in the company, valued at approximately $6,802,985.16. This represents a 17.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 54.60% of the stock is owned by company insiders.

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.