MarineMax Inc (NYSE:HZO) Director Evelyn V. Follit Sells 5,000 Shares of Stock
MarineMax Inc (NYSE:HZO) Director Evelyn V. Follit sold 5,000 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $29.76, for a total value of $148,800.00. Following the transaction, the director now directly owns 26,390 shares of the company’s stock, valued at $785,366.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
HZO opened at $29.75 on Friday. The firm has a market cap of $639.11 million, a PE ratio of 11.36 and a beta of 1.85. The company has a quick ratio of 0.62, a current ratio of 1.77 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $23.41 and a 200-day simple moving average of $17.67. MarineMax Inc has a fifty-two week low of $7.24 and a fifty-two week high of $30.45.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.86. The business had revenue of $498.30 million during the quarter, compared to analyst estimates of $414.69 million. MarineMax had a return on equity of 14.68% and a net margin of 3.93%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. On average, equities research analysts anticipate that MarineMax Inc will post 2.54 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peregrine Capital Management LLC lifted its holdings in shares of MarineMax by 1.5% in the second quarter. Peregrine Capital Management LLC now owns 315,878 shares of the specialty retailer’s stock valued at $7,073,000 after purchasing an additional 4,531 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in shares of MarineMax in the second quarter valued at $1,476,000. WESPAC Advisors LLC purchased a new stake in shares of MarineMax in the second quarter valued at $467,000. SG Americas Securities LLC purchased a new stake in shares of MarineMax in the second quarter valued at $172,000. Finally, State Street Corp lifted its holdings in shares of MarineMax by 10.6% in the first quarter. State Street Corp now owns 787,188 shares of the specialty retailer’s stock valued at $8,202,000 after purchasing an additional 75,570 shares in the last quarter. Institutional investors own 83.16% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
Further Reading: What is included in the gross domestic product?
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.