Callaway Golf Company (ELY) Shares Sold by Sei Investments Co.
Sei Investments Co. trimmed its holdings in shares of Callaway Golf Company (NYSE:ELY) by 85.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,478 shares of the company’s stock after selling 112,726 shares during the period. Sei Investments Co.’s holdings in Callaway Golf were worth $266,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ELY. Aperio Group LLC lifted its holdings in shares of Callaway Golf by 31.8% during the second quarter. Aperio Group LLC now owns 28,946 shares of the company’s stock valued at $370,000 after purchasing an additional 6,976 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Callaway Golf during the second quarter valued at approximately $273,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Callaway Golf by 3.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 28,790 shares of the company’s stock valued at $368,000 after purchasing an additional 830 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Callaway Golf by 3.3% during the second quarter. Great West Life Assurance Co. Can now owns 136,548 shares of the company’s stock valued at $1,745,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Callaway Golf during the second quarter valued at approximately $1,342,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Shares of Callaway Golf Company (NYSE ELY) opened at $14.13 on Thursday. The firm has a market cap of $1,331.07, a P/E ratio of 27.61, a P/E/G ratio of 1.84 and a beta of 1.12. Callaway Golf Company has a 1 year low of $9.93 and a 1 year high of $15.63.
Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The company had revenue of $243.60 million during the quarter, compared to the consensus estimate of $209.52 million. Callaway Golf had a net margin of 17.97% and a return on equity of 7.88%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) earnings per share. equities analysts anticipate that Callaway Golf Company will post 0.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, November 21st. Callaway Golf’s dividend payout ratio (DPR) is currently 2.09%.
In related news, Director Anthony S. Thornley sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $14.40, for a total transaction of $100,800.00. Following the completion of the sale, the director now owns 47,034 shares of the company’s stock, valued at $677,289.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian P. Lynch sold 6,277 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.42, for a total transaction of $96,791.34. Following the sale, the senior vice president now directly owns 46,184 shares of the company’s stock, valued at approximately $712,157.28. The disclosure for this sale can be found here. Insiders have sold 29,850 shares of company stock valued at $437,772 in the last three months. 2.59% of the stock is owned by insiders.
Several research firms have recently issued reports on ELY. J P Morgan Chase & Co began coverage on shares of Callaway Golf in a report on Thursday. They set an “overweight” rating and a $18.00 target price for the company. B. Riley reiterated a “buy” rating on shares of Callaway Golf in a report on Wednesday, November 1st. Forward View reiterated a “hold” rating on shares of Callaway Golf in a report on Saturday, October 28th. Zacks Investment Research upgraded shares of Callaway Golf from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Friday, October 27th. Finally, Jefferies Group set a $19.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $15.84.
Callaway Golf Company Profile
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
Receive News & Ratings for Callaway Golf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf and related companies with Analyst Ratings Network's FREE daily email newsletter.