Malibu Boats, Inc. (NASDAQ:MBUU) CEO Jackie D. Jr. Springer sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jackie D. Jr. Springer also recently made the following trade(s):

  • On Friday, November 10th, Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock. The stock was sold at an average price of $27.76, for a total transaction of $1,110,400.00.

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) opened at $28.64 on Friday. Malibu Boats, Inc. has a 12 month low of $17.17 and a 12 month high of $33.35. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The firm has a market cap of $584.74, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.99 and a beta of 1.00.

A number of institutional investors have recently modified their holdings of MBUU. Hood River Capital Management LLC acquired a new stake in Malibu Boats in the 2nd quarter worth about $10,572,000. American Century Companies Inc. raised its stake in Malibu Boats by 42.5% in the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock worth $21,025,000 after purchasing an additional 198,283 shares in the last quarter. AJO LP acquired a new stake in Malibu Boats in the 2nd quarter worth about $5,025,000. Vanguard Group Inc. raised its stake in Malibu Boats by 22.1% in the 1st quarter. Vanguard Group Inc. now owns 807,539 shares of the company’s stock worth $18,129,000 after purchasing an additional 146,263 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Malibu Boats by 55.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 376,257 shares of the company’s stock worth $8,447,000 after purchasing an additional 134,987 shares in the last quarter.

MBUU has been the subject of a number of research reports. B. Riley cut shares of Malibu Boats to a “neutral” rating and set a $25.25 target price for the company. in a research note on Monday, August 28th. KeyCorp restated an “overweight” rating and set a $31.00 target price on shares of Malibu Boats in a research note on Wednesday, August 30th. Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. ValuEngine upgraded shares of Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, SunTrust Banks restated a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Malibu Boats in a research note on Friday, September 8th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Malibu Boats currently has a consensus rating of “Buy” and an average price target of $32.31.

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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.

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

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