News stories about Marine Products Corporation (NYSE:MPX) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marine Products Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7501340450964 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Marine Products Corporation (MPX) remained flat at $14.24 on Friday. The company’s stock had a trading volume of 99,420 shares. Marine Products Corporation has a 12 month low of $8.30 and a 12 month high of $16.25. The firm’s 50 day moving average is $15.03 and its 200-day moving average is $12.65. The stock has a market capitalization of $496.72 million, a price-to-earnings ratio of 26.62 and a beta of 0.34.

Marine Products Corporation (NYSE:MPX) last released its earnings results on Wednesday, July 26th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Marine Products Corporation had a net margin of 7.60% and a return on equity of 25.69%. The firm had revenue of $71.48 million for the quarter, compared to analyst estimates of $73.33 million. On average, equities analysts expect that Marine Products Corporation will post $0.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, August 8th. Marine Products Corporation’s dividend payout ratio is currently 51.85%.

Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Marine Products Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Marine Products Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. B. Riley reissued a “neutral” rating and set a $12.00 target price on shares of Marine Products Corporation in a research report on Monday, August 7th. Finally, ValuEngine raised shares of Marine Products Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 28th.

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In related news, CFO Ben M. Palmer sold 5,000 shares of Marine Products Corporation stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $14.35, for a total transaction of $71,750.00. Following the sale, the chief financial officer now directly owns 365,073 shares of the company’s stock, valued at approximately $5,238,797.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ben M. Palmer sold 13,500 shares of Marine Products Corporation stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $14.05, for a total transaction of $189,675.00. Following the sale, the chief financial officer now directly owns 378,573 shares in the company, valued at $5,318,950.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,000 shares of company stock worth $297,100. Insiders own 77.90% of the company’s stock.

About Marine Products Corporation

Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.

Insider Buying and Selling by Quarter for Marine Products Corporation (NYSE:MPX)

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