2,953 Shares in Acushnet Holdings Corp. (NYSE:GOLF) Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. bought a new position in shares of Acushnet Holdings Corp. (NYSE:GOLF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,953 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also bought and sold shares of GOLF. Blue Trust Inc. raised its stake in Acushnet by 100.6% in the fourth quarter. Blue Trust Inc. now owns 351 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the period. Brown Lisle Cummings Inc. bought a new stake in Acushnet in the third quarter valued at approximately $40,000. Prospera Private Wealth LLC bought a new stake in Acushnet in the third quarter valued at approximately $41,000. nVerses Capital LLC bought a new stake in Acushnet in the third quarter valued at approximately $57,000. Finally, Quarry LP raised its stake in Acushnet by 745.6% in the third quarter. Quarry LP now owns 1,057 shares of the company’s stock valued at $67,000 after buying an additional 932 shares during the period. Institutional investors own 53.12% of the company’s stock.

Analyst Upgrades and Downgrades

GOLF has been the topic of several research analyst reports. Truist Financial upped their price objective on Acushnet from $65.00 to $68.00 and gave the company a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered Acushnet from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $69.00 to $64.00 in a research note on Thursday, January 23rd.

Insider Transactions at Acushnet

In related news, insider Christopher Aaron Lindner sold 5,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $73.91, for a total transaction of $369,550.00. Following the sale, the insider now owns 88,710 shares of the company’s stock, valued at $6,556,556.10. This represents a 5.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 54.60% of the stock is owned by corporate insiders.

Acushnet Price Performance

Shares of NYSE GOLF opened at $66.76 on Friday. The firm has a market cap of $4.06 billion, a P/E ratio of 22.71 and a beta of 0.86. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. Acushnet Holdings Corp. has a 1-year low of $58.54 and a 1-year high of $76.65. The business’s 50 day moving average is $70.33 and its 200-day moving average is $67.80.

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.