Charles Schwab Investment Management Inc. Has $219,000 Holdings in Marine Products Co. (NYSE:MPX)

Charles Schwab Investment Management Inc. decreased its stake in Marine Products Co. (NYSE:MPX) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,829 shares of the company’s stock after selling 3,419 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.07% of Marine Products worth $219,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MPX. FMR LLC grew its stake in Marine Products by 198.2% during the third 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. Barclays PLC boosted its holdings in shares of Marine Products by 173.0% in the 3rd quarter. Barclays PLC now owns 12,050 shares of the company’s stock worth $116,000 after acquiring an additional 7,636 shares in the last quarter. Rhumbline Advisers grew its position in Marine Products by 10.6% during the 4th quarter. Rhumbline Advisers now owns 12,923 shares of the company’s stock worth $118,000 after acquiring an additional 1,236 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Marine Products by 661.6% during 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Marine Products by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 240,735 shares of the company’s stock valued at $2,333,000 after purchasing an additional 8,527 shares in the last quarter. Institutional investors and hedge funds own 13.86% of the company’s stock.

Marine Products Trading Up 0.1 %

MPX opened at $8.40 on Wednesday. Marine Products Co. has a 1-year low of $8.10 and a 1-year high of $12.47. The stock has a market capitalization of $293.67 million, a PE ratio of 17.14 and a beta of 1.24. The firm has a 50-day moving average price of $8.74 and a two-hundred day moving average price of $9.25.

Marine Products (NYSE:MPX) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. Marine Products had a net margin of 7.55% and a return on equity of 13.08%. On average, research analysts predict that Marine Products Co. will post 0.4 EPS for the current year.

Marine Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.14 per share. The ex-dividend date was Monday, February 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.67%. Marine Products’s payout ratio is currently 114.29%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Marine Products from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

About Marine Products

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.