Insider Selling: MarineMax CEO Unloads 25,000 Shares of Stock (HZO)
MarineMax (NYSE:HZO) CEO William H. Mcgill, Jr. sold 25,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $18.04, for a total value of $451,000.00. Following the completion of the transaction, the chief executive officer now directly owns 247,530 shares of the company’s stock, valued at approximately $4,465,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
MarineMax (NYSE:HZO) traded up 0.06% during mid-day trading on Friday, hitting $17.75. The stock had a trading volume of 26,790 shares. MarineMax has a 1-year low of $11.17 and a 1-year high of $18.15. The stock’s 50-day moving average is $16.86 and its 200-day moving average is $15.84. The company has a market cap of $426.8 million and a price-to-earnings ratio of 37.91.
MarineMax (NYSE:HZO) last announced its earnings results on Thursday, July 24th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.07. The company had revenue of $214.00 million for the quarter, compared to the consensus estimate of $210.61 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts predict that MarineMax will post $0.39 earnings per share for the current fiscal year.
Separately, analysts at Raymond James upgraded shares of MarineMax from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, July 24th. They now have a $20.00 price target on the stock, up previously from $18.00.
MarineMax, Inc is a recreational boat dealer in the United States. Through 54 retail locations in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Maryland, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, the Company sells new and used recreational boats, including pleasure and fishing boats.
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