Dean Capital Management Has $468,000 Stock Holdings in Malibu Boats, Inc. $MBUU

Dean Capital Management decreased its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 83.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,586 shares of the company’s stock after selling 83,699 shares during the period. Dean Capital Management’s holdings in Malibu Boats were worth $468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in Malibu Boats by 25.3% during the first quarter. AQR Capital Management LLC now owns 11,815 shares of the company’s stock worth $362,000 after acquiring an additional 2,389 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Malibu Boats by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock worth $356,000 after buying an additional 491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Malibu Boats by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 57,132 shares of the company’s stock worth $1,753,000 after buying an additional 4,496 shares in the last quarter. Strs Ohio bought a new position in Malibu Boats during the 1st quarter worth $123,000. Finally, Creative Planning increased its stake in Malibu Boats by 5.0% during the 2nd quarter. Creative Planning now owns 9,471 shares of the company’s stock worth $297,000 after acquiring an additional 453 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial decreased their price target on Malibu Boats from $34.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. DA Davidson reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Malibu Boats in a research note on Monday, June 15th. Griffin Securities set a $30.00 price objective on shares of Malibu Boats in a research report on Tuesday, March 3rd. Finally, Zacks Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.00.

Malibu Boats Stock Performance

NASDAQ:MBUU opened at $27.25 on Friday. The firm’s fifty day moving average is $26.76 and its 200-day moving average is $28.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.44 and a current ratio of 1.31. Malibu Boats, Inc. has a 52 week low of $23.84 and a 52 week high of $39.65. The firm has a market cap of $535.11 million, a P/E ratio of -454.17 and a beta of 1.14.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The business had revenue of $235.70 million during the quarter, compared to the consensus estimate of $203.46 million. Malibu Boats had a negative net margin of 0.11% and a positive return on equity of 3.28%. Malibu Boats’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. Equities analysts expect that Malibu Boats, Inc. will post 1.37 earnings per share for the current year.

Malibu Boats Company Profile

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.