Malibu Boats Inc (MBUU) VP Sells $54,072.00 in Stock

Malibu Boats Inc (NASDAQ:MBUU) VP Deborah S. Kent sold 1,200 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $45.06, for a total value of $54,072.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

MBUU traded up $0.21 during mid-day trading on Monday, hitting $44.66. 207,082 shares of the stock were exchanged, compared to its average volume of 206,692. The company has a current ratio of 1.54, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market cap of $926.19 million, a price-to-earnings ratio of 17.72, a PEG ratio of 0.87 and a beta of 1.78. Malibu Boats Inc has a 1-year low of $31.66 and a 1-year high of $59.57.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $165.80 million for the quarter, compared to analyst estimates of $149.82 million. Malibu Boats had a return on equity of 45.92% and a net margin of 9.44%. Malibu Boats’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. On average, research analysts forecast that Malibu Boats Inc will post 3.4 earnings per share for the current year.



Several research firms recently issued reports on MBUU. Zacks Investment Research lowered Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 8th. BidaskClub lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. ValuEngine lowered Malibu Boats from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Finally, B. Riley raised Malibu Boats from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.86.

Hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP raised its position in Malibu Boats by 171.2% in the 3rd quarter. Engineers Gate Manager LP now owns 40,446 shares of the company’s stock valued at $2,213,000 after purchasing an additional 25,535 shares in the last quarter. BlackRock Inc. raised its position in Malibu Boats by 3.8% in the 3rd quarter. BlackRock Inc. now owns 1,585,651 shares of the company’s stock valued at $86,766,000 after purchasing an additional 58,781 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Malibu Boats by 111.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 93,380 shares of the company’s stock valued at $5,110,000 after purchasing an additional 49,228 shares in the last quarter. JPMorgan Chase & Co. raised its position in Malibu Boats by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 721,724 shares of the company’s stock valued at $39,493,000 after purchasing an additional 5,665 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Malibu Boats by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 801,719 shares of the company’s stock valued at $43,870,000 after purchasing an additional 25,322 shares in the last quarter. 95.42% of the stock is currently owned by institutional investors.

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Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Read More: Certificate of Deposit (CD)

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

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