Deprince Race & Zollo Inc. Purchases 102,904 Shares of Marine Products Corporation $MPX

Deprince Race & Zollo Inc. lifted its position in shares of Marine Products Corporation (NYSE:MPX) by 32.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 416,377 shares of the company’s stock after purchasing an additional 102,904 shares during the period. Deprince Race & Zollo Inc. owned 1.19% of Marine Products worth $3,647,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Marine Products by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 738,673 shares of the company’s stock valued at $6,552,000 after purchasing an additional 2,323 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Marine Products by 1.0% during the second quarter. Geode Capital Management LLC now owns 248,087 shares of the company’s stock valued at $2,111,000 after purchasing an additional 2,464 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Marine Products by 66.6% during the first quarter. Rhumbline Advisers now owns 21,525 shares of the company’s stock valued at $181,000 after purchasing an additional 8,602 shares in the last quarter. Strs Ohio bought a new position in shares of Marine Products during the first quarter valued at about $77,000. Finally, Vanguard Group Inc. lifted its position in shares of Marine Products by 1.6% during the third quarter. Vanguard Group Inc. now owns 576,299 shares of the company’s stock valued at $5,112,000 after purchasing an additional 9,219 shares in the last quarter. 13.86% of the stock is owned by institutional investors.

Marine Products Stock Performance

NYSE MPX opened at $7.58 on Tuesday. Marine Products Corporation has a 52-week low of $6.83 and a 52-week high of $10.08. The company has a 50-day simple moving average of $7.60 and a 200 day simple moving average of $8.41. The company has a market capitalization of $267.12 million, a PE ratio of 23.69 and a beta of 1.13.

Marine Products (NYSE:MPX) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Marine Products had a net margin of 4.66% and a return on equity of 9.84%. The business had revenue of $64.57 million during the quarter, compared to the consensus estimate of $55.00 million. As a group, analysts forecast that Marine Products Corporation will post 0.4 EPS for the current fiscal year.

Marine Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Tuesday, February 10th. Marine Products’s dividend payout ratio (DPR) is 175.00%.

Analyst Ratings Changes

MPX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Marine Products to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Marine Products in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Marine Products presently has a consensus rating of “Sell”.

Marine Products Profile

Marine Products Corporation, headquartered in Sparta, Michigan, designs and manufactures inflatable and rigid-hulled inflatable boats (RIBs) for recreational, commercial and governmental customers. Established in 1954, the company leverages decades of engineering expertise to deliver vessels for applications such as law enforcement, search and rescue, military operations, offshore support and luxury yacht tenders.

The firm’s product lineup includes a variety of RIBs and inflatables constructed from advanced composite hulls and high-performance fabrics.