Acushnet Holdings Corp. (NYSE:GOLF) Insider Christopher Aaron Lindner Sells 5,000 Shares of Stock

Acushnet Holdings Corp. (NYSE:GOLF) insider Christopher Aaron Lindner sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $73.91, for a total transaction of $369,550.00. Following the transaction, the insider now owns 88,710 shares in the company, valued at $6,556,556.10. This represents a 5.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Acushnet Trading Down 0.4 %

NYSE GOLF opened at $73.94 on Wednesday. The firm’s 50 day moving average price is $64.79 and its two-hundred day moving average price is $65.32. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 25.15 and a beta of 0.85. Acushnet Holdings Corp. has a twelve month low of $55.74 and a twelve month high of $76.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 2.10.

Acushnet (NYSE:GOLF) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The firm had revenue of $620.50 million for the quarter, compared to analyst estimates of $620.40 million. During the same period in the previous year, the firm earned $0.85 earnings per share. Acushnet’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that Acushnet Holdings Corp. will post 3.06 EPS for the current year.

Acushnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.215 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.86 annualized dividend and a yield of 1.16%. Acushnet’s dividend payout ratio is presently 29.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GOLF shares. Truist Financial lifted their price target on Acushnet from $65.00 to $68.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Compass Point dropped their price target on shares of Acushnet from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered Acushnet from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $86.00 to $75.00 in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.40.

Institutional Trading of Acushnet

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Acushnet during the 1st quarter valued at about $220,000. Vanguard Group Inc. boosted its holdings in Acushnet by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,010,318 shares of the company’s stock worth $198,530,000 after purchasing an additional 15,088 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Acushnet by 7.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,898 shares of the company’s stock worth $257,000 after buying an additional 269 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Acushnet by 5.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 13,264 shares of the company’s stock valued at $875,000 after buying an additional 630 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Acushnet by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,527 shares of the company’s stock worth $1,354,000 after buying an additional 933 shares during the last quarter. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

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.