Strategic Financial Concepts LLC Invests $1.27 Million in Acushnet Holdings Corp. (NYSE:GOLF)

Strategic Financial Concepts LLC purchased a new stake in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 17,912 shares of the company's stock, valued at approximately $1,273,000.

Several other hedge funds have also made changes to their positions in the company. Leavell Investment Management Inc. purchased a new stake in shares of Acushnet in the 4th quarter valued at approximately $210,000. Robertson Stephens Wealth Management LLC boosted its position in shares of Acushnet by 8.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company's stock worth $298,000 after purchasing an additional 326 shares during the period. Berry Wealth Group LP purchased a new position in shares of Acushnet during the 4th quarter worth approximately $202,000. Blue Trust Inc. boosted its position in shares of Acushnet by 100.6% during the 4th quarter. Blue Trust Inc. now owns 351 shares of the company's stock worth $25,000 after purchasing an additional 176 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Acushnet by 34.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,662 shares of the company's stock worth $331,000 after purchasing an additional 1,187 shares during the period. Hedge funds and other institutional investors own 53.12% of the company's stock.

Acushnet Stock Down 1.1 %

Acushnet stock traded down $0.72 during mid-day trading on Friday, reaching $65.65. 526,873 shares of the company's stock were exchanged, compared to its average volume of 542,293. 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 Holdings Corp. has a twelve month low of $58.54 and a twelve month high of $76.65. The company has a market cap of $3.99 billion, a P/E ratio of 22.33 and a beta of 0.86. The company has a fifty day moving average of $69.64 and a 200-day moving average of $67.66.

Insider Buying and Selling at Acushnet

In other Acushnet news, insider Christopher Aaron Lindner sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $73.91, for a total value of $369,550.00. Following the completion of the transaction, the insider now owns 88,710 shares of the company's stock, valued at $6,556,556.10. This trade represents a 5.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 54.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GOLF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut 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. Truist Financial increased their price objective on shares of Acushnet from $65.00 to $68.00 and gave the stock a "hold" rating in a research report on Friday, November 8th.

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.