Aquatic Capital Management LLC Has $1.17 Million Stock Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

Aquatic Capital Management LLC grew its holdings in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 77.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,502 shares of the company's stock after purchasing an additional 7,202 shares during the period. Aquatic Capital Management LLC's holdings in Acushnet were worth $1,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOLF. Blue Trust Inc. boosted its stake in Acushnet by 100.6% during 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 in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Acushnet by 1.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,404 shares of the company's stock worth $953,000 after purchasing an additional 217 shares during the last quarter. Semanteon Capital Management LP raised its holdings in shares of Acushnet by 3.0% in the 4th quarter. Semanteon Capital Management LP now owns 9,659 shares of the company's stock worth $687,000 after purchasing an additional 281 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in Acushnet by 8.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company's stock valued at $298,000 after purchasing an additional 326 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its position in Acushnet by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 20,772 shares of the company's stock worth $1,324,000 after buying an additional 376 shares during the last quarter. 53.12% of the stock is currently owned by institutional investors.

Acushnet Stock Performance

NYSE:GOLF traded up $0.72 during mid-day trading on Friday, hitting $66.53. 441,010 shares of the company's stock traded hands, compared to its average volume of 370,780. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $64.24 and a two-hundred day moving average of $67.37. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 22.63 and a beta of 0.90. Acushnet Holdings Corp. has a 12 month low of $55.31 and a 12 month high of $76.65.

Acushnet (NYSE:GOLF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.31. The business had revenue of $445.17 billion for the quarter, compared to analyst estimates of $454.83 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. On average, equities analysts forecast that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.41%. This is a positive change from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 7th. Acushnet's payout ratio is currently 28.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lowered Acushnet from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $69.00 to $64.00 in a research report on Thursday, January 23rd. Truist Financial dropped their price objective on Acushnet from $68.00 to $64.00 and set a "hold" rating on the stock in a report on Monday, April 14th. KeyCorp decreased their target price on shares of Acushnet from $77.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded shares of Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. 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 report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Acushnet currently has an average rating of "Hold" and a consensus target price of $70.60.

Insider Buying and Selling at Acushnet

In other news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $70.86, for a total value of $1,417,200.00. Following the completion of the transaction, the insider now directly owns 96,006 shares of the company's stock, valued at approximately $6,802,985.16. This represents a 17.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 54.60% of the company's stock.

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.