Versor Investments LP Has $328,000 Position in Acushnet Holdings Corp. (NYSE:GOLF)

Versor Investments LP decreased its position in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,161 shares of the company’s stock after selling 1,588 shares during the quarter. Versor Investments LP’s holdings in Acushnet were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in Acushnet by 29.0% in the first quarter. Sei Investments Co. now owns 96,624 shares of the company’s stock valued at $6,372,000 after acquiring an additional 21,730 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Acushnet in the 1st quarter valued at about $2,026,000. Seven Eight Capital LP acquired a new stake in shares of Acushnet during the 4th quarter worth approximately $1,363,000. Quantbot Technologies LP bought a new stake in shares of Acushnet during the first quarter worth approximately $1,842,000. Finally, Vanguard Group Inc. lifted 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 valued at $198,530,000 after buying an additional 15,088 shares during the period. 53.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on GOLF. JPMorgan Chase & Co. upped their target price on shares of Acushnet from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Compass Point dropped their price objective on Acushnet from $78.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial increased their target price on Acushnet from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $66.43.

Acushnet Stock Performance

GOLF stock opened at $66.77 on Friday. Acushnet Holdings Corp. has a 1-year low of $49.42 and a 1-year high of $74.77. The company has a current ratio of 2.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.21 billion, a PE ratio of 23.18 and a beta of 0.85. The business’s 50-day moving average price is $66.49 and its two-hundred day moving average price is $65.02.

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

Acushnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, September 6th. Acushnet’s dividend payout ratio is 29.86%.

Insider Buying and Selling

In related news, Director Holdings Corp. Fila sold 587,520 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $63.83, for a total value of $37,501,401.60. Following the completion of the transaction, the director now directly owns 32,522,966 shares of the company’s stock, valued at approximately $2,075,940,919.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 54.60% of the stock is currently owned by company insiders.

About Acushnet

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.