Marine Products (MPX) Scheduled to Post Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Parties interested in listening to the company’s conference call can do so using this link.

Marine Products (NYSE:MPX) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Marine Products had a net margin of 10.87% and a return on equity of 28.84%. The business had revenue of $70.87 million during the quarter. During the same quarter last year, the firm earned $0.35 EPS.

Marine Products Stock Down 0.7 %

MPX opened at $10.77 on Thursday. Marine Products has a 52-week low of $9.18 and a 52-week high of $17.81. The company has a 50 day moving average of $10.91 and a two-hundred day moving average of $11.06. The company has a market cap of $373.50 million, a P/E ratio of 8.83 and a beta of 1.26.

Marine Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 9th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.56 dividend on an annualized basis and a yield of 5.20%. Marine Products’s dividend payout ratio (DPR) is 45.90%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in shares of Marine Products by 66.0% in the first quarter. UBS Group AG now owns 6,302 shares of the company’s stock valued at $83,000 after buying an additional 2,506 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Marine Products in the second quarter valued at approximately $76,000. Bank of America Corp DE raised its stake in shares of Marine Products by 83.0% during the fourth quarter. Bank of America Corp DE now owns 6,025 shares of the company’s stock valued at $71,000 after purchasing an additional 2,733 shares during the period. Deutsche Bank AG lifted its position in shares of Marine Products by 50.0% during the first quarter. Deutsche Bank AG now owns 5,360 shares of the company’s stock worth $71,000 after purchasing an additional 1,786 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Marine Products by 148.5% in the second quarter. Wells Fargo & Company MN now owns 4,023 shares of the company’s stock valued at $68,000 after purchasing an additional 2,404 shares during the period. 13.86% of the stock is owned by hedge funds and other institutional investors.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.