This Insider Has Just Sold Shares In Acushnet Holdings

Some Acushnet Holdings Corp. (NYSE:GOLF) shareholders may be a little concerned to see that the President of Titleist Golf Clubs, Steven Pelisek, recently sold a substantial US$1.4m worth of stock at a price of US$70.86 per share. That sale reduced their total holding by 17% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Acushnet Holdings

The Last 12 Months Of Insider Transactions At Acushnet Holdings

In the last twelve months, the biggest single sale by an insider was when the President, David Maher, sold US$1.9m worth of shares at a price of US$69.35 per share. That means that an insider was selling shares at around the current price of US$68.48. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Acushnet Holdings insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Acushnet Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Acushnet Holdings

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Acushnet Holdings insiders own about US$129m worth of shares (which is 3.0% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Acushnet Holdings Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But since Acushnet Holdings is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 2 warning signs with Acushnet Holdings and understanding them should be part of your investment process.

But note: Acushnet Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.