1 week Ago By ABMN Staff
Mariner LLC boosted its position in Acushnet Holdings Corp. ( NYSE:GOLF – Free Report ) by 40.7% in the 4th quarter, Holdings Channel reports.
The institutional investor owned 13,726 shares of the company’s stock after buying an additional 3,972 shares during the period. Mariner LLC’s holdings in Acushnet were worth $975,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently bought and sold shares of the company.
Blue Trust Inc. raised 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 valued at $25,000 after acquiring an additional 176 shares in the last quarter. Berry Wealth Group LP acquired a new stake in shares of Acushnet during the fourth quarter worth $202,000.
Heritage Family Offices LLP bought a new position in shares of Acushnet in the 4th quarter worth about $205,000. Leavell Investment Management Inc. acquired a new position in shares of Acushnet in the 4th quarter valued at about $210,000.
Finally, Corient Private Wealth LLC bought a new stake in shares of Acushnet during the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 53.12% of the company’s stock.
Acushnet Stock Performance GOLF stock opened at $62.25 on Monday. The company has a 50-day simple moving average of $64.
31 and a 200 day simple moving average of $67.33. The company has a market capitalization of $3.
74 billion, a P/E ratio of 21.17 and a beta of 0.84.
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 fifty-two week low of $55.
31 and a fifty-two week high of $76.65. Acushnet Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st.
Stockholders of record on Friday, March 7th were issued a $0.235 dividend. 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 1.51%. Acushnet’s dividend payout ratio is 28.
23%. Analyst Upgrades and Downgrades A number of equities analysts have commented on GOLF shares. KeyCorp decreased their target price on Acushnet from $77.
00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Compass Point raised 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. 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 report on Thursday, January 23rd.
Truist Financial dropped their price objective on shares of Acushnet from $68.00 to $64.00 and set a “hold” rating on the stock in a report on Monday, April 14th.
Finally, StockNews.com lowered shares of Acushnet from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock.
Based on data from MarketBeat.com, Acushnet presently has a consensus rating of “Hold” and a consensus target price of $70.60.
View Our Latest Stock Report on Acushnet Insider Activity at Acushnet In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of Acushnet stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this hyperlink .
Company insiders own 54.60% of the company’s stock. Acushnet Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding GOLF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Acushnet Holdings Corp. ( NYSE:GOLF – Free Report ). Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.
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