Acushnet Holdings Corp. (NYSE:GOLF) Shares Sold by Jump Financial LLC

Jump Financial LLC decreased its position in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,300 shares of the company’s stock after selling 4,400 shares during the quarter. Jump Financial LLC’s holdings in Acushnet were worth $1,798,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GOLF. Blue Trust Inc. boosted its holdings in shares of Acushnet by 100.6% in 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 during the last quarter. Berry Wealth Group LP purchased a new stake in Acushnet in the fourth quarter valued at $202,000. Heritage Family Offices LLP acquired a new stake in Acushnet during the 4th quarter worth about $205,000. Corient Private Wealth LLC purchased a new position in shares of Acushnet during the 4th quarter valued at about $210,000. Finally, Leavell Investment Management Inc. acquired a new position in shares of Acushnet in the 4th quarter valued at about $210,000. Hedge funds and other institutional investors own 53.12% of the company’s stock.

Acushnet Stock Performance

GOLF opened at $59.63 on Friday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 20.28 and a beta of 0.84. The firm’s fifty day simple moving average is $64.86 and its two-hundred day simple moving average is $67.31. 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 52-week low of $55.31 and a 52-week high of $76.65.

Acushnet (NYSE:GOLF) last announced its earnings results on Thursday, February 27th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.31. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The business had revenue of $445.17 billion during the quarter, compared to analysts’ expectations of $454.83 million. Equities analysts anticipate that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.235 dividend. This is an increase from Acushnet’s previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, March 7th. Acushnet’s dividend payout ratio (DPR) is currently 28.23%.

Insider Activity at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the transaction, the insider now owns 96,006 shares of the company’s stock, 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 is accessible through the SEC website. 54.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GOLF has been the topic of several analyst reports. KeyCorp dropped their target price on Acushnet from $77.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday. StockNews.com lowered shares of Acushnet from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Truist Financial lowered their price target 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. JPMorgan Chase & Co. cut shares of Acushnet from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $69.00 to $64.00 in a report on Thursday, January 23rd. Finally, Compass Point raised shares of 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 note on Tuesday, March 4th. One research 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. Based on data from MarketBeat.com, Acushnet has a consensus rating of “Hold” and an average target price of $70.60.

Acushnet 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.