Barclays PLC Boosts Stock Position in Marine Products Co. (NYSE:MPX)

Barclays PLC boosted its position in Marine Products Co. (NYSE:MPX) by 173.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,050 shares of the company’s stock after purchasing an additional 7,636 shares during the quarter. Barclays PLC’s holdings in Marine Products were worth $116,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its stake in shares of Marine Products by 198.2% during the 3rd quarter. FMR LLC now owns 8,353 shares of the company’s stock worth $81,000 after acquiring an additional 5,552 shares in the last quarter. BNP Paribas Financial Markets increased its position in Marine Products by 661.6% during 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 in the last quarter. Geode Capital Management LLC boosted its stake in Marine Products by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 240,735 shares of the company’s stock worth $2,333,000 after purchasing an additional 8,527 shares in the last quarter. De Lisle Partners LLP increased its stake in Marine Products by 44.8% during the 3rd quarter. De Lisle Partners LLP now owns 297,992 shares of the company’s stock valued at $2,901,000 after purchasing an additional 92,181 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Marine Products by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 650,433 shares of the company’s stock worth $6,569,000 after buying an additional 9,680 shares during the last quarter. 13.86% of the stock is owned by hedge funds and other institutional investors.

Marine Products Stock Up 2.8 %

Shares of NYSE:MPX opened at $9.21 on Friday. Marine Products Co. has a 52-week low of $8.67 and a 52-week high of $12.47. The stock has a market cap of $319.67 million, a price-to-earnings ratio of 17.38 and a beta of 1.23. The business has a 50-day moving average price of $9.41 and a 200-day moving average price of $9.56.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Marine Products from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th.

Marine Products Profile

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.