Seelaus Asset Management LLC reduced its holdings in shares of Callaway Golf Co (NYSE:ELY) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,100 shares of the company’s stock after selling 5,700 shares during the period. Seelaus Asset Management LLC owned approximately 0.07% of Callaway Golf worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Acadian Asset Management LLC boosted its position in Callaway Golf by 29.1% during the fourth quarter. Acadian Asset Management LLC now owns 578,517 shares of the company’s stock worth $8,851,000 after purchasing an additional 130,527 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in Callaway Golf by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 21,229 shares of the company’s stock worth $325,000 after purchasing an additional 690 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Callaway Golf during the fourth quarter worth approximately $517,000. Jennison Associates LLC boosted its position in Callaway Golf by 32.3% during the fourth quarter. Jennison Associates LLC now owns 30,833 shares of the company’s stock worth $472,000 after purchasing an additional 7,532 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Callaway Golf in the fourth quarter valued at approximately $787,000. 87.65% of the stock is currently owned by institutional investors.

In related news, Director Russell L. Fleischer acquired 5,000 shares of Callaway Golf stock in a transaction that occurred on Tuesday, February 12th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $77,500.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $77,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.98% of the company’s stock.

Several equities analysts have recently weighed in on ELY shares. Zacks Investment Research upgraded Callaway Golf from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. B. Riley set a $30.00 target price on Callaway Golf and gave the company a “buy” rating in a research report on Sunday, December 2nd. JPMorgan Chase & Co. started coverage on Callaway Golf in a research report on Thursday, December 20th. They issued a “hold” rating and a $23.00 target price on the stock. Compass Point upgraded Callaway Golf from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 18th. Finally, Berenberg Bank started coverage on Callaway Golf in a research report on Wednesday, February 13th. They issued a “buy” rating and a $24.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.31.

Callaway Golf stock traded down $0.24 during trading on Thursday, reaching $16.82. 35,744 shares of the company were exchanged, compared to its average volume of 1,238,607. Callaway Golf Co has a 52-week low of $14.44 and a 52-week high of $24.67. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 1.73.

Callaway Golf (NYSE:ELY) last announced its quarterly earnings data on Wednesday, February 6th. The company reported ($0.32) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.32). Callaway Golf had a return on equity of 14.01% and a net margin of 8.43%. The firm had revenue of $181.00 million for the quarter, compared to the consensus estimate of $176.35 million. During the same quarter last year, the business posted ($0.15) earnings per share. The firm’s revenue was down 5.7% compared to the same quarter last year. On average, analysts predict that Callaway Golf Co will post 1.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 14th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. Callaway Golf’s payout ratio is 3.74%.

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About Callaway Golf

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

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Institutional Ownership by Quarter for Callaway Golf (NYSE:ELY)

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