Jane Street Group LLC Has $119,000 Stock Holdings in Marine Products Co. (NYSE:MPX)

Jane Street Group LLC lowered its stake in Marine Products Co. (NYSE:MPX) by 41.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,302 shares of the company’s stock after selling 8,562 shares during the quarter. Jane Street Group LLC’s holdings in Marine Products were worth $119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MPX. FMR LLC lifted its stake in shares of Marine Products by 198.2% during the 3rd quarter. FMR LLC now owns 8,353 shares of the company’s stock worth $81,000 after buying an additional 5,552 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Marine Products by 661.6% during the third quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company’s stock worth $199,000 after acquiring an additional 17,831 shares during the last quarter. De Lisle Partners LLP boosted its holdings in shares of Marine Products by 44.8% during the third quarter. De Lisle Partners LLP now owns 297,992 shares of the company’s stock worth $2,901,000 after acquiring an additional 92,181 shares during the period. Finally, Dimensional Fund Advisors LP grew its position 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 valued at $6,569,000 after purchasing an additional 9,680 shares during the last quarter. Institutional investors own 13.86% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Marine Products from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th.

Marine Products Price Performance

MPX opened at $8.75 on Wednesday. The firm has a market capitalization of $303.74 million, a price-to-earnings ratio of 16.51 and a beta of 1.23. Marine Products Co. has a fifty-two week low of $8.67 and a fifty-two week high of $12.47. The company’s 50 day moving average price is $9.54 and its two-hundred day moving average price is $9.59.

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

Marine Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 11th were paid a $0.14 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.56 annualized dividend and a yield of 6.40%. Marine Products’s payout ratio is 105.66%.

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.