Barclays PLC Acquires 1,474 Shares of Marine Products Co. (NYSE:MPX)

Barclays PLC boosted its holdings in shares of Marine Products Co. (NYSE:MPX) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,524 shares of the company’s stock after buying an additional 1,474 shares during the period. Barclays PLC’s holdings in Marine Products were worth $124,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MPX. Wells Fargo & Company MN raised its position in Marine Products by 88.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,732 shares of the company’s stock valued at $71,000 after buying an additional 3,631 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Marine Products by 10.6% in the fourth quarter. Rhumbline Advisers now owns 12,923 shares of the company’s stock valued at $118,000 after purchasing an additional 1,236 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Marine Products by 231.2% in the fourth quarter. JPMorgan Chase & Co. now owns 14,269 shares of the company’s stock valued at $131,000 after purchasing an additional 9,961 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Marine Products by 4.1% during the fourth quarter. Russell Investments Group Ltd. now owns 168,632 shares of the company’s stock valued at $1,546,000 after purchasing an additional 6,582 shares in the last quarter. 13.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Marine Products from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

Marine Products Stock Up 2.6%

MPX stock opened at $8.83 on Thursday. The business has a 50 day moving average of $8.34 and a 200-day moving average of $8.96. The firm has a market cap of $308.65 million, a PE ratio of 18.02 and a beta of 0.96. Marine Products Co. has a 12-month low of $7.49 and a 12-month high of $10.89.

Marine Products (NYSE:MPX) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $65.90 million. Marine Products had a net margin of 7.55% and a return on equity of 13.08%. On average, research analysts expect that Marine Products Co. will post 0.4 earnings per share for the current year.

Marine Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, May 9th. This represents a $0.56 dividend on an annualized basis and a yield of 6.34%. Marine Products’s dividend payout ratio (DPR) is presently 133.33%.

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.