Dean Capital Management Sells 23,458 Shares of 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 decreased its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 47.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,487 shares of the company's stock after selling 23,458 shares during the period. Dean Capital Management owned 0.13% of Malibu Boats worth $813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Malibu Boats during the 4th quarter valued at about $38,000. GAMMA Investing LLC raised its stake in Malibu Boats by 2,154.4% during the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock worth $158,000 after buying an additional 4,632 shares during the period. ProShare Advisors LLC acquired a new position in Malibu Boats during the 4th quarter worth approximately $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Malibu Boats by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company's stock worth $356,000 after buying an additional 491 shares during the period. Finally, AQR Capital Management LLC raised its stake in Malibu Boats by 25.3% during the 1st quarter. AQR Capital Management LLC now owns 11,815 shares of the company's stock worth $362,000 after buying an additional 2,389 shares during the period. Institutional investors own 91.35% of the company's stock.

Malibu Boats Trading Up 0.0%

Shares of MBUU traded up $0.01 during trading hours on Monday, hitting $32.67. The company had a trading volume of 30,050 shares, compared to its average volume of 179,263. The firm has a market cap of $628.64 million, a P/E ratio of 42.44 and a beta of 1.20. The stock's 50 day moving average price is $34.49 and its 200 day moving average price is $31.83. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03. Malibu Boats, Inc. has a 52-week low of $24.42 and a 52-week high of $47.82.

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

Analysts Set New Price Targets

MBUU has been the topic of a number of research reports. Zacks Research downgraded Malibu Boats from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 4th. DA Davidson reduced their price objective on Malibu Boats from $33.00 to $31.00 and set a "neutral" rating for the company in a report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $36.00.

About Malibu Boats

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.