Marine Products Co. (NYSE:MPX) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in shares of Marine Products Co. (NYSE:MPX) by 173.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,050 shares of the company’s stock after purchasing an additional 7,636 shares during the period. Barclays PLC’s holdings in Marine Products were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. De Lisle Partners LLP grew its stake in shares of Marine Products by 44.8% in the 3rd quarter. De Lisle Partners LLP now owns 297,992 shares of the company’s stock valued at $2,901,000 after buying an additional 92,181 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Marine Products by 661.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company’s stock valued at $199,000 after buying an additional 17,831 shares during the period. FMR LLC grew its stake in shares of Marine Products by 198.2% in the 3rd quarter. FMR LLC now owns 8,353 shares of the company’s stock valued at $81,000 after buying an additional 5,552 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Marine Products by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 650,433 shares of the company’s stock valued at $6,569,000 after buying an additional 9,680 shares during the period. Institutional investors and hedge funds own 13.86% of the company’s stock.

Marine Products Stock Performance

NYSE:MPX opened at $9.02 on Thursday. The stock has a market capitalization of $313.11 million, a P/E ratio of 17.02 and a beta of 1.23. The company has a 50 day moving average price of $9.58 and a 200 day moving average price of $9.62. Marine Products Co. has a fifty-two week low of $8.86 and a fifty-two week high of $12.47.

Marine Products (NYSE:MPX) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $49.85 million during the quarter. Marine Products had a net margin of 7.32% and a return on equity of 13.55%. During the same period in the previous year, the business posted $0.30 EPS. Research analysts forecast that Marine Products Co. will post 0.4 earnings per share for the current fiscal year.

Marine Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 11th were given a $0.14 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.56 annualized dividend and a yield of 6.21%. Marine Products’s dividend payout ratio is presently 105.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Marine Products from a “buy” rating to a “hold” rating in a research report on Wednesday.

About Marine Products

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.