Advisory Research Inc. Continues to Hold Position in Callaway Golf Company (ELY)

Advisory Research Inc. continued to hold its position in Callaway Golf Company (NYSE:ELY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,473 shares of the company’s stock at the close of the 2nd quarter. Advisory Research Inc. owned 0.23% of Callaway Golf worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its position in Callaway Golf by 69.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,326 shares of the company’s stock valued at $106,000 after purchasing an additional 3,426 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Callaway Golf during the 2nd quarter valued at approximately $109,000. Flinton Capital Management LLC increased its position in Callaway Golf by 71.6% during the 2nd quarter. Flinton Capital Management LLC now owns 11,322 shares of the company’s stock valued at $145,000 after purchasing an additional 4,726 shares during the period. Amalgamated Bank increased its position in Callaway Golf by 1.3% during the 2nd quarter. Amalgamated Bank now owns 12,821 shares of the company’s stock valued at $164,000 after purchasing an additional 160 shares during the period. Finally, Koch Industries Inc. acquired a new stake in Callaway Golf during the 1st quarter valued at approximately $162,000. 87.46% of the stock is owned by institutional investors and hedge funds.

In related news, VP Mark F. Leposky sold 31,691 shares of Callaway Golf stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $14.00, for a total transaction of $443,674.00. Following the sale, the vice president now directly owns 68,343 shares in the company, valued at $956,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan Hocknell sold 57,138 shares of Callaway Golf stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $13.30, for a total value of $759,935.40. Following the sale, the senior vice president now owns 115,045 shares in the company, valued at $1,530,098.50. The disclosure for this sale can be found here. Insiders have sold 281,113 shares of company stock worth $3,792,388 over the last three months. Insiders own 2.59% of the company’s stock.

A number of analysts have weighed in on ELY shares. BidaskClub raised shares of Callaway Golf from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Aegis started coverage on shares of Callaway Golf in a research report on Friday, August 25th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, August 7th. Jefferies Group LLC set a $18.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Callaway Golf in a research report on Thursday, August 31st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.31.

ILLEGAL ACTIVITY WARNING: This article was first posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.themarketsdaily.com/2017/10/11/advisory-research-inc-continues-to-hold-position-in-callaway-golf-company-ely.html.

Callaway Golf Company (ELY) traded down 0.385% during trading on Wednesday, hitting $14.225. The company’s stock had a trading volume of 15,615 shares. Callaway Golf Company has a 12 month low of $9.77 and a 12 month high of $14.75. The firm has a market cap of $1.34 billion, a P/E ratio of 7.863 and a beta of 1.17. The firm has a 50 day moving average of $13.97 and a 200 day moving average of $12.79.

Callaway Golf (NYSE:ELY) last posted its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. Callaway Golf had a return on equity of 6.60% and a net margin of 18.09%. The firm had revenue of $304.50 million for the quarter, compared to analysts’ expectations of $295.70 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year. Equities research analysts predict that Callaway Golf Company will post $0.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. Callaway Golf’s dividend payout ratio (DPR) is presently 2.20%.

Callaway Golf 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.

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

Receive News & Ratings for Callaway Golf Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply