Atria Investments Inc Has $2.27 Million Stock Position in Acushnet Holdings Corp. (NYSE:GOLF)

Atria Investments Inc grew its stake in Acushnet Holdings Corp. (NYSE:GOLF) by 35.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,890 shares of the company’s stock after purchasing an additional 8,268 shares during the quarter. Atria Investments Inc’s holdings in Acushnet were worth $2,267,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Blue Trust Inc. raised its stake in Acushnet by 100.6% during the 4th quarter. Blue Trust Inc. now owns 351 shares of the company’s stock worth $25,000 after buying an additional 176 shares during the period. Robertson Stephens Wealth Management LLC raised its stake in Acushnet by 8.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company’s stock worth $298,000 after buying an additional 326 shares during the period. Orion Portfolio Solutions LLC raised its stake in Acushnet by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,628 shares of the company’s stock worth $678,000 after buying an additional 330 shares during the period. SkyView Investment Advisors LLC raised its stake in Acushnet by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,772 shares of the company’s stock worth $1,324,000 after buying an additional 376 shares during the period. Finally, OneDigital Investment Advisors LLC raised its stake in Acushnet by 2.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 18,433 shares of the company’s stock worth $1,175,000 after buying an additional 413 shares during the period. Institutional investors and hedge funds own 53.12% of the company’s stock.

Acushnet Price Performance

Shares of NYSE GOLF opened at $68.40 on Monday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 23.27 and a beta of 0.79. The business has a 50-day moving average of $68.51 and a 200-day moving average of $67.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14. Acushnet Holdings Corp. has a fifty-two week low of $58.54 and a fifty-two week high of $76.65.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.31. The company had revenue of $445.17 billion during the quarter, compared to analysts’ expectations of $454.83 million. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. As a group, sell-side analysts predict that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.94 dividend on an annualized basis and a yield of 1.37%. This is a boost from Acushnet’s previous quarterly dividend of $0.22. Acushnet’s dividend payout ratio (DPR) is presently 28.23%.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. downgraded Acushnet from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $69.00 to $64.00 in a research note on Thursday, January 23rd. KeyCorp dropped their price objective on Acushnet from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Compass Point raised Acushnet from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $80.00 in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded Acushnet from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.80.

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.