NBW Capital LLC Sells 5,644 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

NBW Capital LLC trimmed its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,390 shares of the company’s stock after selling 5,644 shares during the period. NBW Capital LLC’s holdings in Malibu Boats were worth $5,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MBUU. IFP Advisors Inc acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Malibu Boats in the second quarter valued at approximately $25,000. Public Employees Retirement System of Ohio lifted its position in shares of Malibu Boats by 44.7% in the third quarter. Public Employees Retirement System of Ohio now owns 560 shares of the company’s stock valued at $27,000 after buying an additional 173 shares during the last quarter. Comerica Bank acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $27,000. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $29,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Malibu Boats news, insider Michael K. Hooks purchased 12,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of $42.82 per share, for a total transaction of $535,250.00. Following the purchase, the insider now owns 12,500 shares in the company, valued at approximately $535,250. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.62% of the company’s stock.

Malibu Boats Price Performance

Malibu Boats stock traded up $0.34 during mid-day trading on Thursday, reaching $34.30. 232,716 shares of the company were exchanged, compared to its average volume of 253,355. The company has a fifty day simple moving average of $42.41 and a 200-day simple moving average of $46.45. Malibu Boats, Inc. has a 12 month low of $33.78 and a 12 month high of $62.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.82 and a quick ratio of 0.69. The firm has a market cap of $700.75 million, a PE ratio of 10.88 and a beta of 1.37.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. Malibu Boats had a return on equity of 24.23% and a net margin of 5.32%. The firm had revenue of $211.07 million for the quarter, compared to analyst estimates of $219.64 million. During the same quarter last year, the company earned $1.78 EPS. The company’s revenue was down 37.7% on a year-over-year basis. As a group, equities research analysts expect that Malibu Boats, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MBUU shares. KeyCorp cut their price objective on Malibu Boats from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Truist Financial dropped their price target on Malibu Boats from $62.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Raymond James cut Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, B. Riley dropped their price target on Malibu Boats from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.00.

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.