Legal & General Group Plc purchased a new stake in Acushnet (NYSE:GOLF – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 67,472 shares of the company’s stock, valued at approximately $7,997,000. Legal & General Group Plc owned approximately 0.12% of Acushnet as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of GOLF. Millstone Evans Group LLC grew its stake in Acushnet by 170.2% during the first quarter. Millstone Evans Group LLC now owns 281 shares of the company’s stock worth $26,000 after buying an additional 177 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Acushnet by 389.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 328 shares of the company’s stock valued at $26,000 after buying an additional 261 shares in the last quarter. Kelleher Financial Advisors acquired a new position in shares of Acushnet in the 3rd quarter valued at approximately $28,000. Global Retirement Partners LLC bought a new stake in shares of Acushnet during the 2nd quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Acushnet by 149.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 492 shares of the company’s stock worth $36,000 after acquiring an additional 295 shares during the period. Institutional investors own 53.12% of the company’s stock.
Acushnet Price Performance
Acushnet stock opened at $85.83 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $5.01 billion, a PE ratio of 23.39 and a beta of 0.81. Acushnet has a 12 month low of $73.09 and a 12 month high of $119.65. The stock has a 50-day moving average price of $102.29 and a two-hundred day moving average price of $97.56.
Acushnet Announces Dividend
The firm 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. The ex-dividend date is Friday, September 4th. This represents a $1.02 annualized dividend and a yield of 1.2%. Acushnet’s dividend payout ratio (DPR) is currently 27.79%.
Insiders Place Their Bets
In other Acushnet news, insider Nicholas N. Mohamed sold 529 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $95.00, for a total transaction of $50,255.00. Following the sale, the insider directly owned 2,868 shares of the company’s stock, valued at $272,460. The trade was a 15.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 53.30% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages recently issued reports on GOLF. Weiss Ratings raised shares of Acushnet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Acushnet from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Roth Capital reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Acushnet in a report on Friday, August 7th. Truist Financial lifted their price target on Acushnet from $95.00 to $97.00 and gave the company a “hold” rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. boosted their price target on Acushnet from $96.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.17.
Check Out Our Latest Analysis on Acushnet
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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