Dean Investment Associates LLC Sells 6,978 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Dean Investment Associates LLC lessened its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,095 shares of the company’s stock after selling 6,978 shares during the quarter. Dean Investment Associates LLC owned 0.38% of Malibu Boats worth $2,785,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Malibu Boats in the 4th quarter worth about $38,000. Central Pacific Bank Trust Division grew its stake in shares of Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after buying an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Malibu Boats in the fourth quarter worth approximately $150,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Malibu Boats during the 4th quarter worth approximately $235,000. Finally, Vestcor Inc boosted its holdings in Malibu Boats by 317.0% during the 4th quarter. Vestcor Inc now owns 6,410 shares of the company’s stock valued at $241,000 after acquiring an additional 4,873 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Truist Financial decreased their target price on Malibu Boats from $38.00 to $28.00 and set a “hold” rating for the company in a research report on Monday. Baird R W downgraded shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. B. Riley raised shares of Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.17.

Malibu Boats Trading Up 3.4 %

NASDAQ MBUU opened at $27.01 on Friday. Malibu Boats, Inc. has a one year low of $24.43 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The company has a market capitalization of $530.34 million, a price-to-earnings ratio of -6.21 and a beta of 1.27. The company’s 50-day simple moving average is $31.21 and its two-hundred day simple moving average is $36.97.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. Equities analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

Malibu Boats Profile

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.