Divisadero Street Capital Management LP Invests $8.50 Million in MarineMax, Inc. (NYSE:HZO)

Divisadero Street Capital Management LP acquired a new position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 293,701 shares of the specialty retailer's stock, valued at approximately $8,503,000. MarineMax accounts for 1.0% of Divisadero Street Capital Management LP's portfolio, making the stock its 25th largest position. Divisadero Street Capital Management LP owned about 1.29% of MarineMax as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HZO. American Century Companies Inc. raised its stake in shares of MarineMax by 2.8% in the 4th quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock valued at $58,840,000 after purchasing an additional 55,592 shares during the period. Vanguard Group Inc. grew its holdings in shares of MarineMax by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock worth $43,280,000 after buying an additional 20,909 shares in the last quarter. Royce & Associates LP raised its position in MarineMax by 11.7% in the 4th quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer's stock valued at $11,932,000 after buying an additional 43,330 shares during the last quarter. Levin Capital Strategies L.P. lifted its stake in MarineMax by 1.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer's stock valued at $10,344,000 after acquiring an additional 4,480 shares in the last quarter. Finally, Invesco Ltd. boosted its position in MarineMax by 17.3% during the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after acquiring an additional 51,352 shares during the last quarter. 92.85% of the stock is owned by institutional investors.

MarineMax Stock Performance

Shares of NYSE HZO traded down $0.32 during midday trading on Friday, hitting $21.59. 222,535 shares of the company's stock were exchanged, compared to its average volume of 304,961. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $463.60 million, a PE ratio of 9.07 and a beta of 1.69. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $38.20. The company's 50 day moving average price is $21.44 and its 200 day moving average price is $26.68.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HZO has been the topic of a number of recent research reports. Truist Financial lowered their price objective on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. DA Davidson cut their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. StockNews.com upgraded MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. B. Riley upgraded MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Benchmark restated a "buy" rating and issued a $40.00 price target on shares of MarineMax in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $38.50.

MarineMax Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.