Marine Products Corporation (NYSE:MPX - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.63 and traded as high as $9.10. Marine Products shares last traded at $9.10, with a volume of 47,364 shares.
Marine Products Stock Performance
The stock has a market cap of $310.10 million, a price-to-earnings ratio of 21.12 and a beta of 0.90. The company has a 50 day moving average of $8.45 and a 200-day moving average of $8.61.
Marine Products (NYSE:MPX - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.06 earnings per share (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 analyst estimates of $65.90 million. Marine Products had a return on equity of 12.05% and a net margin of 6.84%. On average, research analysts anticipate that Marine Products Corporation will post 0.4 EPS for the current year.
Marine Products Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.56 annualized dividend and a yield of 6.31%. Marine Products's dividend payout ratio (DPR) is 133.33%.
Institutional Investors Weigh In On Marine Products
Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in Marine Products by 88.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,732 shares of the company's stock worth $71,000 after acquiring an additional 3,631 shares in the last quarter. Strs Ohio acquired a new position in Marine Products during the 1st quarter worth approximately $77,000. Summit Financial Strategies Inc. acquired a new position in Marine Products during the first quarter worth $92,000. Burney Co. acquired a new stake in shares of Marine Products in the 1st quarter worth approximately $108,000. Finally, Rhumbline Advisers boosted its position in Marine Products by 10.6% during the fourth quarter. Rhumbline Advisers now owns 12,923 shares of the company's stock worth $118,000 after purchasing an additional 1,236 shares in the last quarter. 13.86% of the stock is currently owned by institutional investors and hedge funds.
Marine Products Company Profile
(
Get Free Report)
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.
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