OneDigital Investment Advisors LLC Sells 4,643 Shares of Acushnet Holdings Corp. (NYSE:GOLF)

OneDigital Investment Advisors LLC reduced its position in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,790 shares of the company's stock after selling 4,643 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Acushnet were worth $980,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC increased its position in Acushnet by 361.5% during the third quarter. Barclays PLC now owns 48,563 shares of the company's stock worth $3,096,000 after buying an additional 38,041 shares during the period. Virtu Financial LLC raised its position in Acushnet by 152.6% in the 3rd quarter. Virtu Financial LLC now owns 8,163 shares of the company's stock valued at $520,000 after purchasing an additional 4,931 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in Acushnet by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,772 shares of the company's stock worth $1,324,000 after purchasing an additional 376 shares during the period. Tidal Investments LLC purchased a new position in Acushnet during the 3rd quarter worth $508,000. Finally, Franklin Resources Inc. raised its holdings in shares of Acushnet by 2.5% in the third quarter. Franklin Resources Inc. now owns 22,831 shares of the company's stock valued at $1,455,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 53.12% of the company's stock.

Acushnet Stock Performance

Shares of GOLF traded up $0.30 during trading hours on Thursday, reaching $66.52. 160,609 shares of the company traded hands, compared to its average volume of 369,170. Acushnet Holdings Corp. has a 1-year low of $55.31 and a 1-year high of $76.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 2.10. The stock has a market cap of $3.99 billion, a P/E ratio of 22.68 and a beta of 0.84. The stock's fifty day moving average is $64.26 and its 200 day moving average is $67.31.

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

Acushnet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.235 per share. This is an increase from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. This represents a $0.94 annualized dividend and a dividend yield of 1.41%. Acushnet's dividend payout ratio is currently 28.23%.

Analyst Ratings Changes

GOLF has been the topic of several research analyst reports. Compass Point raised Acushnet from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $77.00 to $80.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut Acushnet from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $69.00 to $64.00 in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Acushnet from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. KeyCorp decreased their price target on Acushnet from $77.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Truist Financial cut their price objective on Acushnet from $68.00 to $64.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $70.60.

Insider Transactions at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the firm's 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 in the company, valued at $6,802,985.16. This trade represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 54.60% of the company's stock.

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.