Dean Investment Associates LLC Cuts Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Dean Investment Associates LLC trimmed its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 29.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,714 shares of the company’s stock after selling 5,421 shares during the quarter. Dean Investment Associates LLC owned about 0.06% of Malibu Boats worth $1,013,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MBUU. Sei Investments Co. grew its stake in shares of Malibu Boats by 89.7% during the 3rd quarter. Sei Investments Co. now owns 27,303 shares of the company’s stock valued at $1,374,000 after buying an additional 12,911 shares during the period. Welch & Forbes LLC purchased a new stake in Malibu Boats during the fourth quarter valued at about $214,000. Toth Financial Advisory Corp acquired a new stake in Malibu Boats during the fourth quarter worth about $415,000. Exane Derivatives purchased a new position in shares of Malibu Boats in the 4th quarter worth about $391,000. Finally, Calamos Advisors LLC lifted its stake in shares of Malibu Boats by 246.9% in the 4th quarter. Calamos Advisors LLC now owns 56,637 shares of the company’s stock valued at $3,535,000 after purchasing an additional 40,312 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MBUU opened at $85.14 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 1.74. Malibu Boats, Inc. has a 1 year low of $37.09 and a 1 year high of $93.00. The stock’s 50-day simple moving average is $83.06 and its 200-day simple moving average is $72.16. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 26.61 and a beta of 1.94.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Monday, May 3rd. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.17. Malibu Boats had a return on equity of 28.93% and a net margin of 10.09%. The firm had revenue of $273.16 million during the quarter, compared to analyst estimates of $255.13 million. During the same quarter last year, the firm earned $1.13 EPS. Malibu Boats’s quarterly revenue was up 49.8% on a year-over-year basis. As a group, research analysts predict that Malibu Boats, Inc. will post 5.05 EPS for the current year.

MBUU has been the topic of a number of recent research reports. Truist lifted their price target on shares of Malibu Boats from $75.00 to $82.00 in a research report on Wednesday, January 27th. B. Riley lifted their target price on shares of Malibu Boats from $93.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, May 5th. Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. KeyCorp boosted their price objective on Malibu Boats from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 11th. Finally, Raymond James lowered their target price on Malibu Boats from $95.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, May 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Malibu Boats currently has an average rating of “Buy” and an average price target of $81.75.

In related news, CFO Wayne R. Wilson sold 27,266 shares of Malibu Boats stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $77.42, for a total value of $2,110,933.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.74% of the stock is currently owned by company insiders.

Malibu Boats Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands.

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Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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