Eqis Capital Management Inc. trimmed its position in shares of Callaway Golf Co (NYSE:ELY) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,848 shares of the company’s stock after selling 977 shares during the quarter. Eqis Capital Management Inc.’s holdings in Callaway Golf were worth $166,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Strs Ohio boosted its holdings in Callaway Golf by 12.5% in the 4th quarter. Strs Ohio now owns 57,500 shares of the company’s stock worth $879,000 after buying an additional 6,400 shares during the period. Bank of Montreal Can boosted its holdings in shares of Callaway Golf by 77.4% during the 4th quarter. Bank of Montreal Can now owns 162,303 shares of the company’s stock valued at $2,483,000 after purchasing an additional 70,799 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Callaway Golf by 2,468.9% during the 4th quarter. Meeder Asset Management Inc. now owns 14,309 shares of the company’s stock valued at $219,000 after purchasing an additional 13,752 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Callaway Golf by 3.2% during the 4th quarter. State of Alaska Department of Revenue now owns 29,660 shares of the company’s stock valued at $453,000 after purchasing an additional 913 shares during the last quarter. Finally, National Investment Services Inc. WI bought a new position in shares of Callaway Golf during the 4th quarter valued at about $517,000. 88.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ELY opened at $16.24 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 2.28. The stock has a market cap of $1.55 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Callaway Golf Co has a 12-month low of $13.96 and a 12-month high of $24.67.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Wednesday, February 13th. Callaway Golf’s dividend payout ratio is 7.55%.
ELY has been the subject of several research reports. Zacks Investment Research raised shares of Callaway Golf from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. B. Riley set a $30.00 price objective on shares of Callaway Golf and gave the company a “buy” rating in a report on Sunday, December 2nd. JPMorgan Chase & Co. initiated coverage on shares of Callaway Golf in a report on Thursday, December 20th. They set a “hold” rating and a $23.00 price objective for the company. Compass Point raised shares of Callaway Golf from a “neutral” rating to a “buy” rating in a report on Tuesday, December 18th. Finally, Roth Capital downgraded shares of Callaway Golf from a “buy” rating to a “hold” rating and dropped their price objective for the company from $24.00 to $17.00 in a report on Monday, December 17th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.42.
Callaway Golf Profile
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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