Ritchie L. Anderson Sells 15,000 Shares of Malibu Boats, Inc. (MBUU) Stock
Malibu Boats, Inc. (NASDAQ:MBUU) COO Ritchie L. Anderson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $31.15, for a total value of $467,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Malibu Boats, Inc. (MBUU) opened at $30.74 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. Malibu Boats, Inc. has a fifty-two week low of $17.17 and a fifty-two week high of $33.35. The stock has a market cap of $626.30, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. equities research analysts predict that Malibu Boats, Inc. will post 1.91 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets restated a “buy” rating and issued a $32.00 target price on shares of Malibu Boats in a research report on Friday, October 13th. SunTrust Banks restated a “buy” rating and issued a $34.00 target price on shares of Malibu Boats in a research report on Friday, November 10th. B. Riley reaffirmed a “neutral” rating and issued a $29.50 price target (up previously from $25.50) on shares of Malibu Boats in a report on Monday, November 6th. Finally, BidaskClub downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.31.
Several institutional investors and hedge funds have recently made changes to their positions in MBUU. SG Americas Securities LLC acquired a new position in Malibu Boats in the second quarter worth about $116,000. Susquehanna International Group LLP acquired a new stake in shares of Malibu Boats during the second quarter worth approximately $200,000. Stevens Capital Management LP acquired a new stake in shares of Malibu Boats during the second quarter worth approximately $201,000. Laurion Capital Management LP acquired a new stake in shares of Malibu Boats during the second quarter worth approximately $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Malibu Boats during the second quarter worth approximately $211,000.
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About Malibu Boats
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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