XTX Topco Ltd Makes New Investment in Acushnet Holdings Corp. (NYSE:GOLF)

XTX Topco Ltd purchased a new stake in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,897 shares of the company's stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mariner LLC lifted its stake in shares of Acushnet by 40.7% during the 4th quarter. Mariner LLC now owns 13,726 shares of the company's stock worth $975,000 after buying an additional 3,972 shares during the last quarter. Barclays PLC grew its position in shares of Acushnet by 34.4% in the fourth quarter. Barclays PLC now owns 65,252 shares of the company's stock valued at $4,638,000 after purchasing an additional 16,689 shares during the last quarter. Petros Family Wealth LLC bought a new position in shares of Acushnet during the fourth quarter worth approximately $290,000. Argent Trust Co bought a new stake in Acushnet in the 4th quarter valued at $246,000. Finally, Kennedy Capital Management LLC grew its holdings in Acushnet by 71.1% in the 4th quarter. Kennedy Capital Management LLC now owns 98,199 shares of the company's stock valued at $6,980,000 after buying an additional 40,791 shares in the last quarter. 53.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on GOLF. KeyCorp lowered their price target on shares of Acushnet from $77.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. StockNews.com cut Acushnet from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Truist Financial lowered 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. JPMorgan Chase & Co. lowered Acushnet from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $69.00 to $64.00 in a report on Thursday, January 23rd. Finally, Compass Point raised shares of Acushnet from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $77.00 to $80.00 in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Acushnet presently has an average rating of "Hold" and an average price target of $70.60.

Acushnet Price Performance

GOLF stock traded down $0.74 during trading on Friday, reaching $62.25. 371,177 shares of the company were exchanged, compared to its average volume of 368,405. Acushnet Holdings Corp. has a twelve month low of $55.31 and a twelve month high of $76.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 21.17 and a beta of 0.84. The company has a 50-day moving average of $64.31 and a two-hundred day moving average of $67.33.

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

Acushnet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.235 dividend. This is a boost from Acushnet's previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, March 7th. Acushnet's dividend payout ratio is 28.23%.

Insider Activity

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 shares were sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the completion of the transaction, the insider now owns 96,006 shares in the company, valued at approximately $6,802,985.16. This trade represents a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 54.60% of the company's stock.

Acushnet Company 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.