Divisar Capital Management LLC Boosts Stock Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Divisar Capital Management LLC increased its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 29.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,006,805 shares of the company's stock after acquiring an additional 231,908 shares during the period. MasterCraft Boat makes up approximately 4.2% of Divisar Capital Management LLC's portfolio, making the stock its 10th biggest holding. Divisar Capital Management LLC owned 6.01% of MasterCraft Boat worth $19,200,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in MasterCraft Boat by 2.0% during the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company's stock valued at $523,000 after purchasing an additional 528 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in MasterCraft Boat by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after buying an additional 544 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after acquiring an additional 742 shares during the last quarter. Isthmus Partners LLC raised its stake in MasterCraft Boat by 0.7% during the fourth quarter. Isthmus Partners LLC now owns 118,886 shares of the company's stock worth $2,267,000 after acquiring an additional 773 shares during the period. Finally, Northern Trust Corp raised its position in shares of MasterCraft Boat by 0.6% during the 4th quarter. Northern Trust Corp now owns 133,422 shares of the company's stock worth $2,544,000 after purchasing an additional 791 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson dropped their target price on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Truist Financial cut their price target on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, April 14th. StockNews.com raised MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Friday. Baird R W downgraded shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, MasterCraft Boat has a consensus rating of "Hold" and an average price target of $19.60.

MasterCraft Boat Price Performance

MCFT traded down $0.37 on Tuesday, reaching $15.78. 67,808 shares of the company traded hands, compared to its average volume of 138,064. MasterCraft Boat Holdings, Inc. has a 52-week low of $14.39 and a 52-week high of $23.00. The company has a market cap of $264.36 million, a price-to-earnings ratio of -39.62 and a beta of 1.12. The stock's 50 day moving average price is $16.72 and its 200-day moving average price is $18.31.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. As a group, equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MasterCraft Boat news, major shareholder Fund L.P. Forager acquired 32,378 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of $16.66 per share, for a total transaction of $539,417.48. Following the purchase, the insider now owns 1,802,975 shares in the company, valued at $30,037,563.50. This represents a 1.83 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 77,420 shares of company stock valued at $1,261,191 over the last three months. 4.00% of the stock is currently owned by insiders.

MasterCraft Boat Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.