NBW Capital LLC trimmed its position in Malibu Boats Inc (NASDAQ:MBUU) by 34.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,745 shares of the company’s stock after selling 64,965 shares during the quarter. NBW Capital LLC’s holdings in Malibu Boats were worth $3,649,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in MBUU. Lazard Asset Management LLC raised its stake in shares of Malibu Boats by 87.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,521,832 shares of the company’s stock worth $45,244,000 after purchasing an additional 707,932 shares during the last quarter. American Century Companies Inc. raised its position in Malibu Boats by 42.5% during the third quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after acquiring an additional 198,283 shares in the last quarter. Cooke & Bieler LP raised its position in Malibu Boats by 53.8% during the fourth quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock valued at $16,731,000 after acquiring an additional 196,930 shares in the last quarter. Thomson Horstmann & Bryant Inc. purchased a new position in Malibu Boats during the fourth quarter valued at approximately $3,729,000. Finally, Dimensional Fund Advisors LP raised its position in Malibu Boats by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after acquiring an additional 107,413 shares in the last quarter.
Shares of Malibu Boats Inc (NASDAQ MBUU) opened at $34.93 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.70 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $716.40, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.06 and a beta of 1.07. Malibu Boats Inc has a 1-year low of $20.52 and a 1-year high of $36.81.
In related news, VP Dan L. Gasper sold 15,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $34.15, for a total value of $512,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by insiders.
MBUU has been the subject of a number of recent analyst reports. BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. SunTrust Banks restated a “buy” rating and issued a $37.00 price objective on shares of Malibu Boats in a research report on Friday, February 9th. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, January 16th. Finally, B. Riley boosted their price objective on Malibu Boats from $29.50 to $32.25 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $35.28.
TRADEMARK VIOLATION WARNING: “Malibu Boats Inc (MBUU) Shares Sold by NBW Capital LLC” was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.themarketsdaily.com/2018/03/12/malibu-boats-inc-mbuu-shares-sold-by-nbw-capital-llc.html.
About Malibu Boats
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
Want to see what other hedge funds are holding MBUU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Malibu Boats Inc (NASDAQ:MBUU).
Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.