Global Alpha Capital Management Ltd. Has $8.33 Million Holdings in MarineMax Inc (HZO)
Global Alpha Capital Management Ltd. raised its position in shares of MarineMax Inc (NYSE:HZO) by 58.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,168 shares of the specialty retailer’s stock after purchasing an additional 144,400 shares during the period. MarineMax accounts for approximately 2.0% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 23rd biggest position. Global Alpha Capital Management Ltd. owned approximately 1.45% of MarineMax worth $8,334,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HZO. Janney Montgomery Scott LLC boosted its stake in MarineMax by 12.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock valued at $644,000 after purchasing an additional 3,722 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MarineMax during the 2nd quarter valued at about $285,000. AlphaMark Advisors LLC boosted its stake in MarineMax by 100.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 20,000 shares of the specialty retailer’s stock valued at $379,000 after purchasing an additional 10,000 shares during the period. Engineers Gate Manager LP acquired a new position in MarineMax during the 2nd quarter valued at about $306,000. Finally, Strs Ohio acquired a new position in MarineMax during the 2nd quarter valued at about $695,000. 91.21% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Michael H. Mclamb sold 60,000 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $23.95, for a total transaction of $1,437,000.00. Following the completion of the sale, the vice president now directly owns 151,818 shares of the company’s stock, valued at $3,636,041.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Allen Watters sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $22.08, for a total transaction of $220,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,300 shares of company stock valued at $3,545,513. Company insiders own 5.00% of the company’s stock.
Shares of NYSE:HZO opened at $20.91 on Thursday. The company has a market capitalization of $570.47 million, a PE ratio of 12.30 and a beta of 0.91. MarineMax Inc has a twelve month low of $16.40 and a twelve month high of $26.11.
MarineMax (NYSE:HZO) last issued its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.22. The company had revenue of $308.59 million during the quarter, compared to analyst estimates of $273.60 million. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. Research analysts anticipate that MarineMax Inc will post 1.92 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This article was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.watchlistnews.com/global-alpha-capital-management-ltd-has-8-33-million-holdings-in-marinemax-inc-hzo/2665196.html.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
See Also: The risks of owning bonds
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.