Callan Family Office LLC acquired a new stake in Acushnet (NYSE:GOLF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 86,651 shares of the company’s stock, valued at approximately $10,271,000.
A number of other large investors have also added to or reduced their stakes in GOLF. Millstone Evans Group LLC boosted its position in Acushnet by 170.2% during the 1st quarter. Millstone Evans Group LLC now owns 281 shares of the company’s stock worth $26,000 after buying an additional 177 shares during the period. Global Retirement Partners LLC acquired a new position in Acushnet in the 2nd quarter valued at approximately $36,000. Brown Brothers Harriman & Co. raised its stake in shares of Acushnet by 389.6% during the third quarter. Brown Brothers Harriman & Co. now owns 328 shares of the company’s stock valued at $26,000 after acquiring an additional 261 shares during the last quarter. Kelleher Financial Advisors bought a new position in shares of Acushnet during the third quarter valued at $28,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Acushnet by 149.7% during the second quarter. EverSource Wealth Advisors LLC now owns 492 shares of the company’s stock worth $36,000 after purchasing an additional 295 shares during the period. Institutional investors own 53.12% of the company’s stock.
Insider Buying and Selling at Acushnet
In other Acushnet news, insider Nicholas N. Mohamed sold 529 shares of Acushnet stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $95.00, for a total value of $50,255.00. Following the completion of the sale, the insider directly owned 2,868 shares of the company’s stock, valued at approximately $272,460. The trade was a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven Francis Pelisek sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $91.26, for a total transaction of $1,368,900.00. Following the transaction, the insider owned 70,512 shares in the company, valued at $6,434,925.12. This represents a 17.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 53.30% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Report on GOLF
Acushnet Stock Down 0.2%
Shares of Acushnet stock opened at $89.03 on Friday. The stock’s 50-day moving average is $104.68 and its 200 day moving average is $98.27. Acushnet has a one year low of $73.09 and a one year high of $119.65. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 24.26 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.55 and a quick ratio of 1.48.
Acushnet (NYSE:GOLF – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.45. Acushnet had a return on equity of 27.98% and a net margin of 8.12%.The business had revenue of $819.95 million during the quarter, compared to the consensus estimate of $788.24 million. During the same period in the previous year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts anticipate that Acushnet will post 4.02 EPS for the current year.
Acushnet Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 4th. Acushnet’s payout ratio is presently 27.79%.
Acushnet Company Profile
Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.
At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.
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