GSA Capital Partners LLP Sells 13,994 Shares of Acushnet $GOLF

GSA Capital Partners LLP lessened its stake in shares of Acushnet (NYSE:GOLF) by 63.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,952 shares of the company’s stock after selling 13,994 shares during the period. GSA Capital Partners LLP’s holdings in Acushnet were worth $624,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Burney Co. purchased a new stake in Acushnet in the 3rd quarter worth approximately $2,932,000. Envestnet Asset Management Inc. boosted its position in shares of Acushnet by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 246,963 shares of the company’s stock worth $17,984,000 after purchasing an additional 19,612 shares during the period. Fisher Asset Management LLC boosted its position in shares of Acushnet by 35.1% in the second quarter. Fisher Asset Management LLC now owns 208,357 shares of the company’s stock worth $15,173,000 after purchasing an additional 54,088 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Acushnet by 61,260.0% in the second quarter. Parkside Financial Bank & Trust now owns 12,272 shares of the company’s stock worth $894,000 after purchasing an additional 12,252 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of Acushnet by 92.6% during the 3rd quarter. Tributary Capital Management LLC now owns 457,490 shares of the company’s stock valued at $35,908,000 after purchasing an additional 219,895 shares during the period. Institutional investors own 53.12% of the company’s stock.

Acushnet Trading Up 2.2%

Shares of GOLF stock opened at $102.16 on Monday. The company has a market cap of $5.99 billion, a PE ratio of 27.91 and a beta of 0.89. Acushnet has a 1 year low of $55.31 and a 1 year high of $104.81. The stock’s 50 day simple moving average is $91.31 and its two-hundred day simple moving average is $83.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.42 and a quick ratio of 1.30.

Insider Buying and Selling

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the business’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 owned 76,006 shares in the company, valued at $6,434,667.96. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 53.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOLF. JPMorgan Chase & Co. raised shares of Acushnet from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $74.00 to $96.00 in a report on Friday, January 23rd. KeyCorp reissued a “sector weight” rating on shares of Acushnet in a research note on Friday, January 16th. Truist Financial boosted their price target on Acushnet from $74.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Roth Mkm reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Acushnet in a report on Thursday, November 6th. Finally, Zacks Research downgraded shares of Acushnet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Acushnet presently has a consensus rating of “Hold” and a consensus price target of $87.83.

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.