Stock On Watch: Learn Why Rollins R Randall Just Purchased Marine Products Corp Stake?

Stock On Watch: Learn Why Rollins R Randall Just Purchased Marine Products Corp Stake?

The New Rollins R Randall Holding in Marine Products Corp

Rollins R Randall filed with the SEC SC 13D form for Marine Products Corp. The form can be accessed here: 000091406216000180. As reported in Rollins R Randall’s form, the filler as of late owns 68.7% or 23,941,122 shares of the Consumer Discretionary–company.

Marine Products Corp stake is a new one for the and it was filed because of activity on November 14, 2016. We feel this shows Rollins R Randall’s positive view for the stock.

Marine Products Corp Institutional Sentiment

Latest Security and Exchange filings show 49 investors own Marine Products Corp. The institutional ownership in Q3 2015 is low, at 19.04% of the outstanding shares. This is decreased by 519211 the total institutional shares. 7302484 were the shares owned by these institutional investors. In total 7 funds opened new Marine Products Corp stakes, 16 increased stakes. There were 4 that closed positions and 18 reduced them.

Mario Gabelli Gamco Investors Inc Et Al is an institutional investor bullish on Marine Products Corp, owning 2313039 shares as of Q3 2015 for 0.11% of its portfolio. Mark Coe Coe Capital Management Llc owns 30156 shares or less than 0.01% of its portfolio. MA Schwerin Boyle Capital Management Inc have 0.17% of their stock portfolio for 172500 shares. Further, Spectrum Advisory Services Inc reported stake worth 0.04% of its US stock portfolio. The NY Teton Advisors Inc owns 1455500 shares. Marine Products Corp is 0.77% of the manager’s US portfolio.

Business Profile

Marine Products Corporation (MPC) is engaged in manufacturing powerboats and providing related products and services. The Company manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats. MPC designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, jet boat and sport fishing markets. The Company sells its products to a network of approximately 150 domestic and over 85 international independent authorized dealers. The Company manufactures Chaparral sterndrive pleasure boats, including H2O Sport, and Fish & Ski boats, SSi and SSX Sportboats, Sunesta Sportdecks, Signature Cruisers, SunCoast Sportdeck outboards, Vortex Jet Boats and Robalo outboard sport fishing boats.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.67 in Q2 2016. Its up 0.34, from 1.33 in 2016Q1. The ratio increased, as 4 funds sold all Marine Products Corp. shares owned while 11 reduced positions. 3 funds bought stakes while 22 increased positions. They now own 7.76 million shares or 1.38% less from 7.87 million shares in 2016Q1.

Schwerin Boyle Cap Mgmt has 89,274 shares for 0.11% of their US portfolio. Blackrock Inv Mngmt Limited Liability Company has 38,794 shares for 0% of their US portfolio. Rhumbline Advisers has 0% invested in the company for 16,961 shares. Blackrock Inc reported 6,031 shares or 0% of all its holdings. Synovus Financial Corp has invested 0.04% of its portfolio in Marine Products Corp. (NYSE:MPX). Schwab Charles Invest Mngmt Inc has 33,704 shares for 0% of their US portfolio. Renaissance Limited Company owns 96,700 shares or 0% of their US portfolio. Walleye Trading Ltd accumulated 0% or 2,629 shares. Tiaa Cref Limited Co accumulated 0% or 33,493 shares. Blackrock Japan Communications has 0% invested in the company for 1,817 shares. Tower Rech Ltd Liability Corporation (Trc) holds 0% of its portfolio in Marine Products Corp. (NYSE:MPX) for 1,273 shares. The New York-based Alliancebernstein Limited Partnership has invested 0% in Marine Products Corp. (NYSE:MPX). Us Bank & Trust De, a Minnesota-based fund reported 340 shares. Manufacturers Life Ins The has 0% invested in the company for 193 shares. Teachers Advsr holds 16,320 shares or 0% of its portfolio.

The stock closed at $9.6 during the last session. It is down 23.23% since April 13, 2016 and is uptrending. It has outperformed by 19.31% the S&P500.

Marine Products Corporation is engaged in manufacturing powerboats and providing related services and products. The company has a market cap of $370.14 million. The Firm makes fiberglass motorized boats distributed and marketed through its independent dealer network. It has a 21.67 P/E ratio. The Firm operates in Powerboat Manufacturing business segment.

More notable recent Marine Products Corp. (NYSE:MPX) news were published by: Prnewswire.com which released: “Marine Products Corporation Announces Final Results of Tender Offer” on November 14, 2016, also Prnewswire.com with their article: “Marine Products Corporation Announces Tender Offer” published on August 17, 2016, Prnewswire.com published: “Marine Products Corporation Announces Management Restructuring” on May 04, 2016. More interesting news about Marine Products Corp. (NYSE:MPX) were released by: Prnewswire.com and their article: “Marine Products Corporation Announces Date for Third Quarter 2016 Financial …” published on September 26, 2016 as well as Prnewswire.com‘s news article titled: “Marine Products Corporation Reports Death of Executive Vice President James A …” with publication date: March 21, 2016.

According to Zacks Investment Research, “MARINE PRODUCTS is the third-largest distributor of sterndrive powerboats in the U.S. The company designs, manufactures and distributes premium-branded Chaparral sterndrive pleasure boats and Robalo outboard offshore fishing boats, and continues to diversify its product line through product innovation and strategic acquisition. With premium brands and a solid capital structure, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.”

MPX Company Profile

Marine Products Corporation (MPC), incorporated on August 31, 2000, is engaged in manufacturing powerboats and providing related services and products. The Firm makes fiberglass motorized boats distributed and marketed through its independent dealer network. The Firm operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats. MPC designs, makes and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, jet boat and sport fishing markets. The Firm sells its products to a network of approximately 150 domestic and over 85 international independent authorized dealers.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment