19,337 Shares in Acushnet $GOLF Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new stake in Acushnet (NYSE:GOLF) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,337 shares of the company’s stock, valued at approximately $1,518,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Acushnet by 149.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 492 shares of the company’s stock valued at $36,000 after buying an additional 295 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Acushnet by 83.7% in the second quarter. Nisa Investment Advisors LLC now owns 540 shares of the company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Bessemer Group Inc. lifted its position in Acushnet by 78.6% in the second quarter. Bessemer Group Inc. now owns 575 shares of the company’s stock valued at $42,000 after acquiring an additional 253 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Acushnet in the second quarter valued at $100,000. Finally, GAMMA Investing LLC grew its holdings in shares of Acushnet by 150.8% during the second quarter. GAMMA Investing LLC now owns 1,633 shares of the company’s stock worth $119,000 after purchasing an additional 982 shares during the last quarter. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOLF. JPMorgan Chase & Co. boosted their target price on Acushnet from $67.00 to $74.00 and gave the company an “underweight” rating in a report on Monday, December 15th. Roth Capital reiterated a “neutral” rating and issued a $80.00 price objective on shares of Acushnet in a research note on Thursday, November 6th. Morgan Stanley raised their target price on shares of Acushnet from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of Acushnet in a report on Friday. Finally, Truist Financial upped their price target on shares of Acushnet from $65.00 to $74.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Acushnet presently has an average rating of “Hold” and a consensus price target of $79.83.

Acushnet Trading Down 1.3%

Shares of GOLF stock opened at $91.87 on Friday. The company has a market capitalization of $5.39 billion, a P/E ratio of 25.10 and a beta of 0.88. The company has a current ratio of 2.42, a quick ratio of 1.30 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $83.51 and its two-hundred day moving average is $80.09. Acushnet has a twelve month low of $55.31 and a twelve month high of $94.18.

Acushnet (NYSE:GOLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Acushnet had a return on equity of 27.50% and a net margin of 8.80%.The company had revenue of $657.66 million for the quarter, compared to analysts’ expectations of $632.76 million. During the same quarter last year, the company earned $0.89 EPS. Acushnet’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that Acushnet will post 3.06 EPS for the current year.

Acushnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.0%. Acushnet’s dividend payout ratio (DPR) is 25.68%.

Insider Buying and Selling at Acushnet

In other news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $84.66, for a total transaction of $1,693,200.00. Following the transaction, the insider directly owned 76,006 shares of the company’s stock, valued at $6,434,667.96. This represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Eugene Maher sold 26,939 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $79.33, for a total transaction of $2,137,070.87. Following the completion of the transaction, the chief executive officer owned 852,092 shares of the company’s stock, valued at $67,596,458.36. This represents a 3.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,460 shares of company stock worth $5,786,311 over the last 90 days. Insiders own 53.60% of the company’s stock.

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.