Neumeier Poma Investment Counsel LLC Has $17.99 Million Stock Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

Neumeier Poma Investment Counsel LLC grew its stake in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 253,113 shares of the company’s stock after purchasing an additional 318 shares during the period. Acushnet makes up 1.7% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 27th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Acushnet were worth $17,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds 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. Semanteon Capital Management LP increased its holdings in shares of Acushnet by 3.0% during the fourth quarter. Semanteon Capital Management LP now owns 9,659 shares of the company’s stock valued at $687,000 after acquiring an additional 281 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its position in shares of Acushnet by 8.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company’s stock worth $298,000 after purchasing an additional 326 shares during the period. Orion Portfolio Solutions LLC grew its position in Acushnet by 3.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,628 shares of the company’s stock valued at $678,000 after purchasing an additional 330 shares during the period. Finally, SkyView Investment Advisors LLC increased 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 valued at $1,324,000 after purchasing an additional 376 shares in the last quarter. Institutional investors own 53.12% of the company’s stock.

Acushnet Trading Up 0.5 %

NYSE:GOLF opened at $67.35 on Thursday. Acushnet Holdings Corp. has a 52 week low of $58.54 and a 52 week high of $76.65. The firm has a 50-day moving average price of $67.22 and a two-hundred day moving average price of $67.61. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 22.91 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 (NYSE:GOLF) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.31. The business had revenue of $445.17 billion for the quarter, compared to analyst estimates of $454.83 million. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. On average, equities analysts expect that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.94 annualized dividend and a yield of 1.40%. This is a positive change from Acushnet’s previous quarterly dividend of $0.22. Acushnet’s dividend payout ratio is presently 28.23%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the completion of the transaction, the insider now directly owns 96,006 shares of the company’s stock, valued at approximately $6,802,985.16. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 54.60% of the stock is currently owned by corporate insiders.

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.