Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) Director Mark W. Lanigan acquired 20,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $33.43 per share, with a total value of $668,600.00. Following the completion of the transaction, the director now owns 73,368 shares in the company, valued at $2,452,692.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Malibu Boats Trading Up 0.6 %
NASDAQ:MBUU opened at $34.45 on Wednesday. The firm's fifty day moving average is $39.06 and its 200-day moving average is $44.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 1.67. Malibu Boats, Inc. has a 52 week low of $31.47 and a 52 week high of $62.36. The firm has a market cap of $704.16 million, a P/E ratio of -12.90 and a beta of 1.41.
Analysts Set New Price Targets
A number of research firms recently issued reports on MBUU. StockNews.com cut shares of Malibu Boats from a "hold" rating to a "sell" rating in a research report on Monday. Raymond James cut shares of Malibu Boats from an "outperform" rating to a "market perform" rating in a research report on Monday, April 15th. KeyCorp decreased their price target on shares of Malibu Boats from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, May 3rd. B. Riley decreased their price target on shares of Malibu Boats from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 16th. Finally, Robert W. Baird decreased their price target on shares of Malibu Boats from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.00.
Exposed: 10 CENT Crypto to Explode May 20th?
From True Market Insiders | Ad
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017…
And has spotted 44 different coins that have returned over 100%...
Today, he is now making the biggest crypto call of his ENTIRE career…
Click For My #1 FREE Crypto for 2024
View Our Latest Stock Report on MBUU
Institutional Investors Weigh In On Malibu Boats
A number of institutional investors have recently modified their holdings of the company. Inspire Investing LLC bought a new stake in shares of Malibu Boats in the 1st quarter valued at $304,000. Inspire Advisors LLC bought a new stake in shares of Malibu Boats in the 1st quarter valued at $1,008,000. Empowered Funds LLC boosted its stake in Malibu Boats by 21.3% during the first quarter. Empowered Funds LLC now owns 48,322 shares of the company's stock worth $2,091,000 after acquiring an additional 8,480 shares in the last quarter. Quantbot Technologies LP boosted its stake in Malibu Boats by 121.9% during the first quarter. Quantbot Technologies LP now owns 6,568 shares of the company's stock worth $284,000 after acquiring an additional 3,608 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Malibu Boats during the first quarter worth $142,000. 91.35% of the stock is owned by institutional investors.
About Malibu Boats
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
