Dynamic Technology Lab Private Ltd increased its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 183.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,058 shares of the company’s stock after buying an additional 16,875 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.15% of Malibu Boats worth $674,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in Malibu Boats in the 2nd quarter valued at $116,000. Susquehanna International Group LLP bought a new position in Malibu Boats in the 2nd quarter valued at $200,000. Stevens Capital Management LP bought a new position in Malibu Boats in the 2nd quarter valued at $201,000. Laurion Capital Management LP bought a new position in Malibu Boats in the 2nd quarter valued at $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Malibu Boats in the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 90.12% of the company’s stock.
Several research analysts have recently weighed in on the company. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price target on shares of Malibu Boats in a research note on Friday, October 13th. BidaskClub cut Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Saturday, August 12th. Finally, Aegis assumed coverage on Malibu Boats in a report on Monday, October 2nd. They set a “buy” rating and a $37.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $30.07.
Shares of Malibu Boats, Inc. (NASDAQ MBUU) traded up 0.03% during trading on Friday, hitting $31.69. The company had a trading volume of 114,993 shares. The firm’s 50 day moving average is $30.35 and its 200-day moving average is $26.58. Malibu Boats, Inc. has a 52 week low of $14.28 and a 52 week high of $33.35. The stock has a market capitalization of $642.90 million, a P/E ratio of 20.06 and a beta of 1.04.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 78.71% and a net margin of 10.06%. The firm had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Malibu Boats, Inc. will post $1.88 EPS for the current fiscal year.
In other Malibu Boats news, Director Peter E. Murphy acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $25.50 per share, for a total transaction of $76,500.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.
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Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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