Marine Products Corp. (MPX) Earns Media Impact Score of 0.56
News coverage about Marine Products Corp. (NYSE:MPX) has trended very positive this week, according to Alpha One Sentiment. Alpha One, a service of Accern, scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marine Products Corp. earned a coverage optimism score of 0.56 on Alpha One’s scale. Alpha One also gave headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Insider Trading Activity Marine Products Corp. (NYSE:MPX) – Director Bought 5,000 shares of Stock (4-traders.com)
- How Marine Products (MPX) Stock Stands Out in a Strong Industry (finance.yahoo.com)
- Timothy Curtis Rollins Purchases 5,000 Shares of Marine Products Corp. (MPX) Stock (americanbankingnews.com)
- UEC presents high-tech Russian industrial gas turbine equipment in Algeria (appablog.wordpress.com)
- Brunswick Commercial & Government Products Breaks Ground on New Large-Boat Facility (officer.com)
A number of brokerages recently commented on MPX. Zacks Investment Research upgraded shares of Marine Products Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 30th. B. Riley restated a “neutral” rating and set a $11.00 price target on shares of Marine Products Corp. in a research note on Friday, January 27th.
Marine Products Corp. (NYSE:MPX) traded up 0.08% during mid-day trading on Friday, reaching $12.93. 7,938 shares of the company’s stock traded hands. The company has a market cap of $451.99 million, a P/E ratio of 26.50 and a beta of 0.64. Marine Products Corp. has a 12-month low of $7.87 and a 12-month high of $14.87. The stock has a 50 day moving average of $11.87 and a 200 day moving average of $11.67.
Marine Products Corp. (NYSE:MPX) last announced its earnings results on Friday, April 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Marine Products Corp. had a return on equity of 17.59% and a net margin of 6.94%. The firm had revenue of $71.04 million for the quarter, compared to analyst estimates of $65 million. On average, equities research analysts predict that Marine Products Corp. will post $0.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, May 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.17%. Marine Products Corp.’s dividend payout ratio (DPR) is 63.64%.
In other news, Director Timothy Curtis Rollins acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $12.67 per share, for a total transaction of $63,350.00. Following the acquisition, the director now owns 2,091 shares of the company’s stock, valued at approximately $26,492.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 72.30% of the company’s stock.
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Marine Products Corp. 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.
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