Van Berkom & Associates Inc. Has $83.20 Million Holdings in Acushnet Holdings Corp (NYSE:GOLF)

Van Berkom & Associates Inc. decreased its position in shares of Acushnet Holdings Corp (NYSE:GOLF) by 0.4% in the second quarter, Holdings Channel reports. The fund owned 3,168,356 shares of the company’s stock after selling 13,523 shares during the period. Acushnet accounts for 2.4% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 11th biggest holding. Van Berkom & Associates Inc.’s holdings in Acushnet were worth $83,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in GOLF. Dimensional Fund Advisors LP lifted its position in Acushnet by 36.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,221,960 shares of the company’s stock worth $25,747,000 after acquiring an additional 323,961 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Acushnet by 95.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,882 shares of the company’s stock worth $229,000 after acquiring an additional 4,828 shares during the last quarter. SG Americas Securities LLC acquired a new position in Acushnet during the 1st quarter worth $189,000. Victory Capital Management Inc. lifted its position in Acushnet by 25.9% during the 1st quarter. Victory Capital Management Inc. now owns 57,584 shares of the company’s stock worth $1,332,000 after acquiring an additional 11,843 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Acushnet by 8.7% during the 1st quarter. Raymond James & Associates now owns 259,099 shares of the company’s stock worth $5,996,000 after acquiring an additional 20,831 shares during the last quarter. 47.68% of the stock is owned by hedge funds and other institutional investors.

GOLF has been the subject of a number of research analyst reports. ValuEngine raised shares of Acushnet from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Wells Fargo & Co set a $25.00 price objective on shares of Acushnet and gave the company a “hold” rating in a research report on Friday, August 9th. Zacks Investment Research lowered shares of Acushnet from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, SunTrust Banks lowered shares of Acushnet from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Acushnet currently has an average rating of “Hold” and a consensus target price of $26.24.



Shares of GOLF traded down $0.41 during trading hours on Wednesday, reaching $27.59. 5,254 shares of the company traded hands, compared to its average volume of 157,592. The stock’s fifty day moving average is $25.81 and its 200 day moving average is $25.14. The stock has a market cap of $2.12 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 3.74 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.24 and a current ratio of 2.15. Acushnet Holdings Corp has a 1-year low of $20.24 and a 1-year high of $28.72.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08). The company had revenue of $462.22 million for the quarter, compared to analyst estimates of $484.88 million. Acushnet had a net margin of 5.71% and a return on equity of 9.81%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, equities research analysts predict that Acushnet Holdings Corp will post 1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, August 29th. Acushnet’s dividend payout ratio is currently 42.42%.

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.

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Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

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