The President & CEO of Callaway Golf (NYSE: ELY) is Buying Shares

Today, the President & CEO of Callaway Golf (ELYResearch Report), Oliver Brewer, bought shares of ELY for $151.4K.

Following Oliver Brewer’s last ELY Buy transaction on November 01, 2012, the stock climbed by 9.6%. This recent transaction increases Oliver Brewer’s holding in the company by 1.69% to a total of $9.05 million.

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Based on Callaway Golf’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $516 million and quarterly net profit of $48.65 million. In comparison, last year the company earned revenue of $403 million and had a net profit of $62.86 million. ELY’s market cap is $1.41B and the company has a P/E ratio of 16.22. Currently, Callaway Golf has an average volume of 1.74M.

Starting in February 2019, ELY received 6 Buy ratings in a row.

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Callaway Golf Co. engages in the manufacture and distribution of golf equipment and accessories. It operates through the following segments: Golf Clubs, Golf Balls, and Gear, Accessories & Other.