Marine Products Co. (NYSE:MPX) Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. increased its stake in Marine Products Co. (NYSE:MPX - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,280 shares of the company's stock after acquiring an additional 39,418 shares during the period. Deprince Race & Zollo Inc. owned about 0.76% of Marine Products worth $2,433,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MPX. Bank of America Corp DE raised its stake in shares of Marine Products by 19.4% during the fourth quarter. Bank of America Corp DE now owns 14,277 shares of the company's stock valued at $131,000 after acquiring an additional 2,321 shares during the last quarter. Talon Private Wealth LLC bought a new position in Marine Products during the 4th quarter valued at approximately $148,000. Dimensional Fund Advisors LP lifted its holdings in Marine Products by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 683,993 shares of the company's stock worth $6,272,000 after buying an additional 27,628 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Marine Products by 0.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 514,007 shares of the company's stock worth $4,713,000 after buying an additional 1,398 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Marine Products by 12.2% during the fourth quarter. Barclays PLC now owns 13,524 shares of the company's stock valued at $124,000 after buying an additional 1,474 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 raised shares of Marine Products from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

Marine Products Price Performance

NYSE MPX traded down $0.05 during trading hours on Wednesday, hitting $8.56. The company's stock had a trading volume of 5,970 shares, compared to its average volume of 30,457. Marine Products Co. has a 12 month low of $7.49 and a 12 month high of $10.89. The company's 50 day simple moving average is $8.34 and its two-hundred day simple moving average is $8.96. The company has a market cap of $299.21 million, a P/E ratio of 17.47 and a beta of 0.96.

Marine Products (NYSE:MPX - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $59.00 million for the quarter, compared to analysts' expectations of $65.90 million. Marine Products had a net margin of 7.55% and a return on equity of 13.08%. As a group, research analysts predict that Marine Products Co. will post 0.4 earnings per share for the current fiscal year.

Marine Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.56 annualized dividend and a yield of 6.54%. Marine Products's dividend payout ratio (DPR) is presently 133.33%.

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.