Ellsworth Advisors LLC Takes $523,000 Position in Mastercraft Boat Holdings, Inc. $MCFT

Ellsworth Advisors LLC purchased a new position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,633 shares of the company’s stock, valued at approximately $523,000. Ellsworth Advisors LLC owned about 0.17% of Mastercraft Boat as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Mastercraft Boat during the third quarter valued at approximately $32,000. State of Wyoming acquired a new position in shares of Mastercraft Boat in the 2nd quarter worth approximately $61,000. Manning & Napier Advisors LLC acquired a new position in shares of Mastercraft Boat in the 3rd quarter worth approximately $74,000. Russell Investments Group Ltd. increased its holdings in shares of Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Mastercraft Boat in the 3rd quarter valued at approximately $234,000. 97.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercraft Boat

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of Mastercraft Boat stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $23.50, for a total value of $622,679.50. Following the sale, the insider directly owned 1,611,277 shares in the company, valued at $37,865,009.50. This trade represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 87,841 shares of company stock valued at $2,069,264. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MCFT shares. Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a report on Friday, March 27th. Robert W. Baird set a $28.00 price target on shares of Mastercraft Boat in a research report on Friday, February 6th. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Finally, Loop Capital assumed coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.60.

Mastercraft Boat Price Performance

NASDAQ:MCFT opened at $20.30 on Friday. The firm has a market capitalization of $330.48 million, a P/E ratio of 21.15 and a beta of 1.06. The business has a 50 day simple moving average of $21.76 and a 200 day simple moving average of $20.77. Mastercraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.13. The firm had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Research analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.