News articles about Marine Products Corporation (NYSE:MPX) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marine Products Corporation earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.7471025295514 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently commented on MPX. B. Riley reissued a “neutral” rating and set a $12.00 price target on shares of Marine Products Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research raised Marine Products Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, September 26th. ValuEngine raised Marine Products Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Ifs Securities reaffirmed a “market perform” rating on shares of Marine Products Corporation in a research note on Thursday, September 7th. Finally, BidaskClub lowered Marine Products Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.50.

Marine Products Corporation (NYSE MPX) opened at $14.03 on Friday. The company has a market capitalization of $487.92, a P/E ratio of 25.05 and a beta of 0.27. Marine Products Corporation has a 12 month low of $9.44 and a 12 month high of $17.12.

Marine Products Corporation (NYSE:MPX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The company had revenue of $59.20 million during the quarter, compared to analyst estimates of $67.86 million. Marine Products Corporation had a return on equity of 28.42% and a net margin of 7.59%. equities research analysts predict that Marine Products Corporation will post 0.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, November 9th. Marine Products Corporation’s dividend payout ratio is currently 50.00%.

In other Marine Products Corporation news, Director Pam R. Rollins purchased 6,070 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $14.90 per share, with a total value of $90,443.00. Following the completion of the purchase, the director now owns 1,104 shares in the company, valued at $16,449.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pam R. Rollins purchased 3,930 shares of the company’s stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of $15.14 per share, for a total transaction of $59,500.20. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $151,400. The disclosure for this purchase can be found here. 77.90% of the stock is owned by insiders.

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Marine Products Corporation Company Profile

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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