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

Barclays PLC lifted its holdings in Marine Products Co. (NYSE:MPX) by 173.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,050 shares of the company’s stock after acquiring an additional 7,636 shares during the period. Barclays PLC’s holdings in Marine Products were worth $116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPX. BNP Paribas Financial Markets lifted its stake in shares of Marine Products by 661.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company’s stock valued at $199,000 after purchasing an additional 17,831 shares during the last quarter. De Lisle Partners LLP boosted its stake in 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 buying an additional 92,181 shares during the period. Geode Capital Management LLC increased its position in Marine Products by 3.7% during the third quarter. Geode Capital Management LLC now owns 240,735 shares of the company’s stock valued at $2,333,000 after acquiring an additional 8,527 shares during the last quarter. FMR LLC increased its position in Marine Products by 198.2% during the third quarter. FMR LLC now owns 8,353 shares of the company’s stock valued at $81,000 after acquiring an additional 5,552 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 9,680 shares during the period. Hedge funds and other institutional investors own 13.86% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Marine Products from a “hold” rating to a “buy” rating in a report on Thursday, January 16th.

Marine Products Stock Performance

Shares of MPX stock opened at $9.21 on Friday. The stock has a 50 day moving average price of $9.41 and a 200 day moving average price of $9.56. Marine Products Co. has a 52-week low of $8.67 and a 52-week high of $12.47. The firm has a market capitalization of $319.67 million, a P/E ratio of 17.38 and a beta of 1.23.

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

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.