NBW Capital LLC Raises Stock Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

NBW Capital LLC increased its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 2.1% during the 1st quarter, Holdings Channel reports. The firm owned 96,386 shares of the company’s stock after acquiring an additional 1,996 shares during the quarter. NBW Capital LLC’s holdings in Malibu Boats were worth $4,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in Malibu Boats by 16.8% during the 1st quarter. Janus Henderson Group PLC now owns 15,499 shares of the company’s stock valued at $671,000 after acquiring an additional 2,233 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Malibu Boats by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,124 shares of the company’s stock worth $439,000 after purchasing an additional 836 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Malibu Boats in the 1st quarter worth $662,000. EntryPoint Capital LLC purchased a new position in Malibu Boats in the 1st quarter worth $84,000. Finally, Bessemer Group Inc. raised its stake in Malibu Boats by 7.2% in the 1st quarter. Bessemer Group Inc. now owns 307,486 shares of the company’s stock worth $13,307,000 after acquiring an additional 20,700 shares during the last quarter. Institutional investors own 91.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. DA Davidson lowered Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Wednesday, July 24th. Truist Financial reiterated a “hold” rating and set a $32.00 price objective on shares of Malibu Boats in a research note on Monday, July 8th. Raymond James lowered Malibu Boats from an “outperform” rating to a “market perform” rating in a research note on Monday, April 15th. Robert W. Baird cut their price target on Malibu Boats from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, B. Riley cut their price target on Malibu Boats from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.00.

Insider Buying and Selling

In other news, Director Mark W. Lanigan acquired 20,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average cost of $33.43 per share, for a total transaction of $668,600.00. Following the acquisition, the director now owns 73,368 shares in the company, valued at approximately $2,452,692.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.62% of the stock is currently owned by insiders.

Malibu Boats Price Performance

MBUU stock traded down $0.33 during trading on Friday, hitting $35.46. The stock had a trading volume of 287,400 shares, compared to its average volume of 306,852. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.67 and a quick ratio of 0.66. Malibu Boats, Inc. has a twelve month low of $30.20 and a twelve month high of $59.57. The stock has a market capitalization of $724.80 million, a P/E ratio of -13.28 and a beta of 1.40. The company’s 50-day moving average price is $35.95 and its two-hundred day moving average price is $39.42.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. Malibu Boats had a positive return on equity of 18.01% and a negative net margin of 5.19%. The company had revenue of $203.42 million for the quarter, compared to analysts’ expectations of $205.83 million. As a group, research analysts predict that Malibu Boats, Inc. will post 1.82 EPS for the current fiscal year.

About Malibu Boats

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.