Schonfeld Strategic Advisors LLC Buys Shares of 5,420 Acushnet Holdings Corp. (NYSE:GOLF)

Schonfeld Strategic Advisors LLC bought a new position in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 5,420 shares of the company's stock, valued at approximately $385,000.

A number of other institutional investors have also recently added to or reduced their stakes in GOLF. Barclays PLC boosted its position in Acushnet by 361.5% during the 3rd quarter. Barclays PLC now owns 48,563 shares of the company's stock valued at $3,096,000 after purchasing an additional 38,041 shares during the period. Tidal Investments LLC acquired a new position in Acushnet during the 3rd quarter worth $508,000. Franklin Resources Inc. grew its position in Acushnet by 2.5% in the 3rd 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 in the last quarter. Principal Financial Group Inc. increased its stake in Acushnet by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,013,857 shares of the company's stock valued at $64,632,000 after buying an additional 63,294 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Acushnet during the fourth quarter valued at approximately $239,000. 53.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOLF has been the subject of several analyst reports. Truist Financial upped their price target on shares of Acushnet from $64.00 to $65.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. KeyCorp lifted their target price on Acushnet from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered shares of Acushnet from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $69.00 to $64.00 in a research report on Thursday, January 23rd. Compass Point lowered shares of Acushnet from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $80.00 to $71.00 in a research note on Monday, May 5th. Finally, StockNews.com cut shares of Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $70.00.

Acushnet Trading Down 0.5%

Shares of GOLF stock traded down $0.32 on Wednesday, hitting $69.96. The stock had a trading volume of 381,332 shares, compared to its average volume of 374,968. Acushnet Holdings Corp. has a twelve month low of $55.31 and a twelve month high of $76.65. 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 market cap of $4.11 billion, a P/E ratio of 23.80 and a beta of 0.90. The company has a fifty day moving average price of $64.63 and a two-hundred day moving average price of $67.70.

Acushnet (NYSE:GOLF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.30. The company had revenue of $703.37 million during the quarter, compared to the consensus estimate of $697.82 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. As a group, analysts forecast that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Announces Dividend

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 given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, June 6th. Acushnet's dividend payout ratio is currently 26.11%.

Insider Activity at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of Acushnet 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 transaction, the insider now directly owns 96,006 shares of the company's stock, valued at approximately $6,802,985.16. The trade was a 17.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 54.60% of the stock is owned by insiders.

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.