Impact Capital Partners LLC Invests $798,000 in Acushnet Holdings Corp. (NYSE:GOLF)

Impact Capital Partners LLC purchased a new position in Acushnet Holdings Corp. (NYSE:GOLF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,225 shares of the company’s stock, valued at approximately $798,000.

A number of other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of Acushnet by 8.2% during the third quarter. Victory Capital Management Inc. now owns 1,072,692 shares of the company’s stock valued at $68,384,000 after purchasing an additional 81,065 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Acushnet by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,024,023 shares of the company’s stock valued at $72,783,000 after purchasing an additional 10,166 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Acushnet during the fourth quarter valued at about $62,713,000. Jane Street Group LLC lifted its position in shares of Acushnet by 702.1% during the third quarter. Jane Street Group LLC now owns 508,705 shares of the company’s stock valued at $32,430,000 after purchasing an additional 445,281 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Acushnet by 2.5% during the third quarter. FMR LLC now owns 441,069 shares of the company’s stock valued at $28,118,000 after purchasing an additional 10,762 shares in the last quarter. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Acushnet Trading Down 2.7 %

Shares of GOLF opened at $66.62 on Thursday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 22.66 and a beta of 0.79. 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 Holdings Corp. has a fifty-two week low of $58.54 and a fifty-two week high of $76.65. The firm has a 50 day moving average price of $68.37 and a 200-day moving average price of $67.64.

Acushnet (NYSE:GOLF) last announced 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 net margin of 7.78% and a return on equity of 21.45%. The firm had revenue of $445.17 billion during the quarter, compared to analyst estimates of $454.83 million. As a group, equities research analysts forecast that Acushnet Holdings Corp. will post 3.06 earnings per share for the current year.

Acushnet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.235 per share. This is a positive change from Acushnet’s previous quarterly dividend of $0.22. This represents a $0.94 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, March 7th. Acushnet’s dividend payout ratio is currently 28.23%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GOLF. JPMorgan Chase & Co. lowered shares of Acushnet from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $69.00 to $64.00 in a research report on Thursday, January 23rd. KeyCorp reduced their target price on shares of Acushnet from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Compass Point raised shares of Acushnet from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $77.00 to $80.00 in a research note on Tuesday, March 4th. Finally, StockNews.com cut shares of Acushnet from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.80.

Insider Activity at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 96,006 shares of the company’s stock, valued at approximately $6,802,985.16. The trade was a 17.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 54.60% of the stock is currently owned by company insiders.

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.