MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.14 Million Stock Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Acushnet Holdings Corp. (NYSE:GOLF) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,100 shares of the company’s stock after purchasing an additional 213 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Acushnet were worth $1,144,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Acushnet by 100.6% in the fourth quarter. Blue Trust Inc. now owns 351 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Acushnet in the 4th quarter valued at $51,000. Berry Wealth Group LP acquired a new stake in Acushnet during the 4th quarter valued at $202,000. Hyperion Capital Advisors LP acquired a new position in shares of Acushnet in the fourth quarter valued at $206,000. Finally, Leavell Investment Management Inc. acquired a new stake in shares of Acushnet during the 4th quarter worth about $210,000. Institutional investors own 53.12% of the company’s stock.

Acushnet Stock Down 1.1%

GOLF stock opened at $68.24 on Monday. The business has a 50-day simple moving average of $65.13 and a 200 day simple moving average of $68.13. The company has a market cap of $4.01 billion, a PE ratio of 23.21 and a beta of 0.90. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.30. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The company had revenue of $703.37 million during the quarter, compared to analysts’ expectations of $697.82 million. During the same quarter in the previous year, the firm earned $1.35 EPS. Acushnet’s revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Acushnet Holdings Corp. will post 3.06 EPS for the current fiscal year.

Acushnet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, June 6th. Acushnet’s dividend payout ratio (DPR) is presently 26.11%.

Insider Buying and Selling

In other news, insider Steven Francis Pelisek sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly 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 document filed with the SEC, which is accessible through the SEC website. 54.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial increased their price target on shares of Acushnet from $64.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, May 8th. Compass Point lowered Acushnet from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $71.00 in a research note on Monday, May 5th. KeyCorp boosted their price target on Acushnet from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Wall Street Zen cut Acushnet from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.00.

About Acushnet

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.