Acushnet Holdings Corp. (NYSE:GOLF) Shares Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC boosted its holdings in Acushnet Holdings Corp. (NYSE:GOLF) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,824 shares of the company’s stock after purchasing an additional 1,155 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Acushnet were worth $1,195,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GOLF. Sei Investments Co. grew its holdings in shares of Acushnet by 29.0% during the first quarter. Sei Investments Co. now owns 96,624 shares of the company’s stock worth $6,372,000 after purchasing an additional 21,730 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Acushnet during the 1st quarter worth approximately $2,026,000. Seven Eight Capital LP acquired a new position in Acushnet during the fourth quarter worth approximately $1,363,000. Quantbot Technologies LP purchased a new stake in Acushnet in the first quarter valued at approximately $1,842,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Acushnet by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,010,318 shares of the company’s stock valued at $198,530,000 after acquiring an additional 15,088 shares during the period. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Acushnet news, Director Holdings Corp. Fila sold 1,110,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.19, for a total transaction of $71,250,900.00. Following the sale, the director now directly owns 31,412,966 shares in the company, valued at approximately $2,016,398,287.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 54.60% of the stock is currently owned by company insiders.

Acushnet Stock Down 3.3 %

GOLF stock opened at $63.05 on Wednesday. The stock has a market capitalization of $3.90 billion, a PE ratio of 21.89 and a beta of 0.85. The company has a fifty day moving average of $66.60 and a 200-day moving average of $64.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.27 and a current ratio of 2.28. Acushnet Holdings Corp. has a one year low of $49.42 and a one year high of $74.77.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). Acushnet had a net margin of 7.91% and a return on equity of 21.17%. The firm had revenue of $683.90 million during the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the previous year, the business earned $1.09 EPS. Acushnet’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts expect that Acushnet Holdings Corp. will post 3.02 EPS for the current year.

Acushnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, September 6th. Acushnet’s dividend payout ratio is presently 29.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GOLF shares. Compass Point cut their target price on shares of Acushnet from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Truist Financial lifted their price objective on shares of Acushnet from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Acushnet from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Acushnet presently has a consensus rating of “Hold” and an average price target of $66.17.

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.