Portolan Capital Management LLC Has $6.14 Million Stock Position in MarineMax, Inc. (NYSE:HZO)

Portolan Capital Management LLC reduced its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,960 shares of the specialty retailer's stock after selling 107,616 shares during the quarter. Portolan Capital Management LLC owned about 0.93% of MarineMax worth $6,136,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HZO. Smartleaf Asset Management LLC grew its stake in shares of MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 1,058 shares during the last quarter. US Bancorp DE increased its stake in MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 585 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in MarineMax during the 4th quarter worth about $113,000. Quantbot Technologies LP purchased a new stake in MarineMax during the fourth quarter valued at about $129,000. Finally, XTX Topco Ltd acquired a new position in shares of MarineMax in the third quarter worth about $236,000. Institutional investors and hedge funds own 92.85% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HZO shares. B. Riley raised shares of MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. DA Davidson lowered their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Benchmark reissued a "buy" rating and set a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. Truist Financial lowered their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $38.50.

MarineMax Stock Up 4.2 %

HZO stock traded up $0.76 during trading hours on Friday, hitting $18.84. The company's stock had a trading volume of 417,440 shares, compared to its average volume of 305,787. The company has a market capitalization of $427.85 million, a PE ratio of 7.92 and a beta of 1.83. The stock has a 50 day moving average price of $23.10 and a two-hundred day moving average price of $27.69. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. On average, equities research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Activity

In related news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares of the company's stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Clint Moore sold 4,100 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.