Dean Capital Management Lowers Stake in Malibu Boats, Inc. $MBUU

Key Points

• Dean Capital Management has reduced its stake in Malibu Boats by 47.0%, now holding 26,487 shares worth approximately $813,000.
• Several other investors have increased their stakes, including Berkshire Asset Management, which raised its position by 44.9%, now owning 46,301 shares valued at roughly $1.4 million.
• Malibu Boats reported an EPS of $0.42 for the last quarter, slightly below analyst expectations, while revenue grew 30.4% year-over-year, totaling $207.04 million.

Dean Capital Management lessened its holdings in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 47.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,487 shares of the company's stock after selling 23,458 shares during the quarter. Dean Capital Management owned 0.13% of Malibu Boats worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Malibu Boats by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company's stock worth $356,000 after purchasing an additional 491 shares during the period. AQR Capital Management LLC raised its position in Malibu Boats by 25.3% in the 1st quarter. AQR Capital Management LLC now owns 11,815 shares of the company's stock worth $362,000 after purchasing an additional 2,389 shares during the period. Vident Advisory LLC raised its position in Malibu Boats by 16.5% in the 1st quarter. Vident Advisory LLC now owns 13,649 shares of the company's stock worth $419,000 after purchasing an additional 1,934 shares during the period. Lodge Hill Capital LLC raised its position in Malibu Boats by 23.0% in the 1st quarter. Lodge Hill Capital LLC now owns 652,674 shares of the company's stock worth $20,024,000 after purchasing an additional 122,160 shares during the period. Finally, Berkshire Asset Management LLC PA raised its position in Malibu Boats by 44.9% in the 1st quarter. Berkshire Asset Management LLC PA now owns 46,301 shares of the company's stock worth $1,425,000 after purchasing an additional 14,351 shares during the period. Hedge funds and other institutional investors own 91.35% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MBUU. DA Davidson decreased their target price on shares of Malibu Boats from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Monday. Zacks Research cut shares of Malibu Boats from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Malibu Boats currently has an average rating of "Hold" and a consensus price target of $36.00.

Malibu Boats Price Performance

MBUU stock opened at $32.54 on Wednesday. The firm's 50-day moving average price is $34.61 and its two-hundred day moving average price is $31.88. Malibu Boats, Inc. has a 12-month low of $24.42 and a 12-month high of $47.82. The stock has a market capitalization of $626.40 million, a price-to-earnings ratio of 42.26 and a beta of 1.20. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The firm had revenue of $207.04 million during the quarter, compared to analysts' expectations of $195.28 million. During the same quarter in the previous year, the firm posted ($0.39) EPS. Malibu Boats's revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.

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