Marine Products Co. (NYSE:MPX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Marine Products Co. (NYSE:MPX) by 65.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,138 shares of the company’s stock after selling 13,388 shares during the quarter. BNP Paribas Financial Markets’ holdings in Marine Products were worth $65,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of MPX. Talon Private Wealth LLC purchased a new position in shares of Marine Products during the 4th quarter valued at approximately $148,000. Dimensional Fund Advisors LP raised its stake in shares of Marine Products by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 683,993 shares of the company’s stock valued at $6,272,000 after purchasing an additional 27,628 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Marine Products by 0.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 514,007 shares of the company’s stock worth $4,713,000 after buying an additional 1,398 shares in the last quarter. Barclays PLC raised its holdings in Marine Products by 12.2% during the 4th quarter. Barclays PLC now owns 13,524 shares of the company’s stock worth $124,000 after buying an additional 1,474 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Marine Products by 4.1% during the 4th quarter. Russell Investments Group Ltd. now owns 168,632 shares of the company’s stock worth $1,546,000 after buying an additional 6,582 shares during the period. Institutional investors and hedge funds own 13.86% of the company’s stock.

Marine Products Price Performance

Shares of MPX opened at $8.00 on Tuesday. The company has a market capitalization of $279.47 million, a price-to-earnings ratio of 16.32 and a beta of 0.96. Marine Products Co. has a fifty-two week low of $7.49 and a fifty-two week high of $10.89. The business’s 50-day moving average is $8.36 and its 200-day moving average is $8.84.

Marine Products (NYSE:MPX) last posted its earnings results on Thursday, April 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 return on equity of 13.08% and a net margin of 7.55%. Equities research analysts expect that Marine Products Co. will post 0.4 earnings per share for the current fiscal year.

Marine Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date is Friday, May 9th. Marine Products’s dividend payout ratio (DPR) is presently 133.33%.

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.