Barclays PLC Acquires 7,636 Shares of Marine Products Co. (NYSE:MPX)

Barclays PLC raised its holdings in shares of Marine Products Co. (NYSE:MPX) by 173.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,050 shares of the company’s stock after acquiring an additional 7,636 shares during the quarter. Barclays PLC’s holdings in Marine Products were worth $116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MPX. Dimensional Fund Advisors LP increased its holdings in shares of Marine Products by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 650,433 shares of the company’s stock worth $6,569,000 after purchasing an additional 9,680 shares during the last quarter. De Lisle Partners LLP increased its holdings in shares of Marine Products by 44.8% in the third quarter. De Lisle Partners LLP now owns 297,992 shares of the company’s stock worth $2,901,000 after purchasing an additional 92,181 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Marine Products by 661.6% in the third quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company’s stock worth $199,000 after purchasing an additional 17,831 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Marine Products by 198.2% in the third quarter. FMR LLC now owns 8,353 shares of the company’s stock worth $81,000 after purchasing an additional 5,552 shares during the last quarter. 13.86% of the stock is owned by institutional investors.

Marine Products Trading Down 0.1 %

Shares of MPX stock opened at $9.02 on Thursday. The stock has a market capitalization of $313.11 million, a price-to-earnings ratio of 17.02 and a beta of 1.23. Marine Products Co. has a 12-month low of $8.86 and a 12-month high of $12.47. The stock’s 50-day moving average price is $9.58 and its 200-day moving average price is $9.62.

Marine Products (NYSE:MPX) last announced its earnings results on Thursday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Marine Products had a return on equity of 13.55% and a net margin of 7.32%. The business had revenue of $49.85 million during the quarter. During the same quarter last year, the firm earned $0.30 EPS. As a group, research analysts predict that Marine Products Co. will post 0.4 EPS for the current fiscal year.

Marine Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date was Friday, November 8th. Marine Products’s dividend payout ratio (DPR) is presently 105.66%.

Analysts Set New Price Targets

Separately, StockNews.com cut Marine Products from a “buy” rating to a “hold” rating in a report on Wednesday.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.