De Lisle Partners LLP Has $2.90 Million Position in Marine Products Co. (NYSE:MPX)

De Lisle Partners LLP lifted its holdings in shares of Marine Products Co. (NYSE:MPX - Free Report) by 44.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,992 shares of the company's stock after purchasing an additional 92,181 shares during the quarter. De Lisle Partners LLP owned approximately 0.86% of Marine Products worth $2,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Marine Products by 21,775.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,625 shares of the company's stock valued at $27,000 after purchasing an additional 2,613 shares during the period. FMR LLC grew its stake in Marine Products by 198.2% in the 3rd quarter. FMR LLC now owns 8,353 shares of the company's stock valued at $81,000 after buying an additional 5,552 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Marine Products by 661.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,526 shares of the company's stock worth $199,000 after acquiring an additional 17,831 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Marine Products by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,433 shares of the company's stock worth $6,569,000 after acquiring an additional 9,680 shares during the last quarter. Institutional investors own 13.86% of the company's stock.

Marine Products Trading Down 1.5 %

NYSE:MPX traded down $0.15 during trading hours on Thursday, hitting $9.86. 23,006 shares of the company traded hands, compared to its average volume of 48,067. The stock has a market capitalization of $342.24 million, a price-to-earnings ratio of 18.59 and a beta of 1.23. The firm has a 50-day moving average of $9.69 and a 200 day moving average of $9.80. Marine Products Co. has a twelve month low of $8.86 and a twelve month high of $12.47.

Marine Products (NYSE:MPX - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $49.85 million during the quarter. Marine Products had a net margin of 7.32% and a return on equity of 13.55%. During the same quarter in the previous year, the business posted $0.30 EPS. Equities research analysts predict that Marine Products Co. will post 0.4 earnings per share for the current fiscal year.

Marine Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.68%. Marine Products's payout ratio is 105.66%.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their price target on Marine Products from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.