B. Riley set a $15.00 price objective on Marine Products (NYSE:MPX) in a report published on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.
Several other brokerages have also recently issued reports on MPX. Zacks Investment Research raised shares of Marine Products from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Saturday, January 12th. ValuEngine cut shares of Marine Products from a hold rating to a sell rating in a research report on Tuesday, March 19th.
Shares of MPX opened at $13.86 on Wednesday. The stock has a market cap of $473.94 million, a PE ratio of 16.70 and a beta of 0.36. Marine Products has a 1 year low of $12.48 and a 1 year high of $24.82.
A number of large investors have recently modified their holdings of the stock. Denali Advisors LLC raised its holdings in Marine Products by 4,129.5% in the first quarter. Denali Advisors LLC now owns 12,181 shares of the company’s stock valued at $164,000 after acquiring an additional 11,893 shares in the last quarter. Geode Capital Management LLC raised its holdings in Marine Products by 15.4% in the fourth quarter. Geode Capital Management LLC now owns 69,104 shares of the company’s stock valued at $1,168,000 after acquiring an additional 9,237 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Marine Products by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 657,635 shares of the company’s stock valued at $11,121,000 after acquiring an additional 21,011 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Marine Products by 76.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,455 shares of the company’s stock valued at $346,000 after acquiring an additional 8,883 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in Marine Products in the fourth quarter valued at approximately $325,000. 14.61% of the stock is currently owned by hedge funds and other institutional investors.
Marine Products Company Profile
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.
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