NBW Capital LLC Has $4.17 Million Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

NBW Capital LLC boosted its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,386 shares of the company’s stock after buying an additional 1,996 shares during the quarter. NBW Capital LLC owned approximately 0.47% of Malibu Boats worth $4,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MBUU. International Assets Investment Management LLC acquired a new stake in shares of Malibu Boats during the fourth quarter valued at about $48,000. EntryPoint Capital LLC acquired a new position in shares of Malibu Boats in the first quarter worth approximately $84,000. Central Pacific Bank Trust Division acquired a new position in shares of Malibu Boats in the first quarter worth approximately $142,000. Benjamin Edwards Inc. lifted its stake in shares of Malibu Boats by 13.8% in the fourth quarter. Benjamin Edwards Inc. now owns 2,618 shares of the company’s stock worth $144,000 after acquiring an additional 318 shares during the period. Finally, Denali Advisors LLC acquired a new position in shares of Malibu Boats in the first quarter worth approximately $221,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Malibu Boats Stock Down 0.9 %

Shares of NASDAQ MBUU traded down $0.33 during midday trading on Friday, hitting $35.46. 287,400 shares of the stock traded hands, compared to its average volume of 306,852. The company has a market cap of $724.80 million, a PE ratio of -13.28 and a beta of 1.40. Malibu Boats, Inc. has a one year low of $30.20 and a one year high of $59.57. The business has a 50 day moving average price of $35.95 and a two-hundred day moving average price of $39.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 1.67.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The firm had revenue of $203.42 million during the quarter, compared to the consensus estimate of $205.83 million. Malibu Boats had a positive return on equity of 18.01% and a negative net margin of 5.19%. On average, equities analysts predict that Malibu Boats, Inc. will post 1.82 EPS for the current year.

Insider Activity

In related news, Director Mark W. Lanigan purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $33.43 per share, for a total transaction of $668,600.00. Following the completion of the acquisition, the director now owns 73,368 shares of the company’s stock, valued at approximately $2,452,692.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. B. Riley cut their price objective on Malibu Boats from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Benchmark assumed coverage on Malibu Boats in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $44.00 price objective on the stock. Truist Financial reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Malibu Boats in a research note on Monday, July 8th. StockNews.com downgraded Malibu Boats from a “hold” rating to a “sell” rating in a report on Friday. Finally, DA Davidson downgraded Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.00.

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.