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.
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 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.
Recommended Story: Front-End Load
Want to see what other hedge funds are holding GOLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acushnet Holdings Corp (NYSE:GOLF).
Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.com's FREE daily email newsletter.