Deprince Race & Zollo Inc. Acquires 39,418 Shares of Marine Products Co. (NYSE:MPX)

Deprince Race & Zollo Inc. grew its position in Marine Products Co. (NYSE:MPX - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265,280 shares of the company's stock after buying an additional 39,418 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.76% of Marine Products worth $2,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Marine Products by 19.4% in the 4th quarter. Bank of America Corp DE now owns 14,277 shares of the company's stock worth $131,000 after purchasing an additional 2,321 shares during the period. Talon Private Wealth LLC acquired a new position in Marine Products in the 4th quarter worth $148,000. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 27,628 shares during the period. Gamco Investors INC. ET AL boosted its stake in 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 purchasing an additional 1,398 shares during the period. Finally, Barclays PLC boosted its stake in Marine Products by 12.2% in the 4th quarter. Barclays PLC now owns 13,524 shares of the company's stock worth $124,000 after purchasing an additional 1,474 shares during the period. 13.86% of the stock is owned by institutional investors and hedge funds.

Marine Products Price Performance

MPX traded up $0.02 during trading on Monday, hitting $8.55. The stock had a trading volume of 45,379 shares, compared to its average volume of 38,796. The company has a 50 day moving average price of $8.34 and a 200-day moving average price of $8.96. Marine Products Co. has a one year low of $7.49 and a one year high of $10.89. The firm has a market cap of $299.01 million, a price-to-earnings ratio of 17.46 and a beta of 0.96.

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

Marine Products Announces Dividend

The company also recently declared 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 dividend yield of 6.55%. Marine Products's dividend payout ratio is 133.33%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Marine Products from a "hold" rating to a "buy" rating in a research 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.