Peregrine Capital Management LLC Boosts Stock Position in MarineMax, Inc. (NYSE:HZO)

Peregrine Capital Management LLC lifted its position in MarineMax, Inc. (NYSE:HZO) by 30.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,605 shares of the specialty retailer’s stock after buying an additional 36,411 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.68% of MarineMax worth $4,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HZO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MarineMax in the 3rd quarter valued at $67,000. Point72 Asset Management L.P. purchased a new stake in shares of MarineMax in the 3rd quarter valued at $143,000. Systematic Financial Management LP acquired a new position in MarineMax during the 3rd quarter worth $183,000. James Investment Research Inc. acquired a new position in MarineMax during the 3rd quarter worth $203,000. Finally, XTX Topco Ltd acquired a new position in MarineMax during the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Trading Up 0.2 %

NYSE:HZO opened at $28.55 on Thursday. The stock has a 50-day simple moving average of $28.95 and a 200-day simple moving average of $30.58. The stock has a market cap of $648.24 million, a P/E ratio of 12.00 and a beta of 1.91. MarineMax, Inc. has a 1 year low of $22.51 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. As a group, analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HZO shares. B. Riley raised MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson lowered their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Benchmark reissued a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $41.50.

Insider Activity

In other news, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the completion of the sale, the director now directly owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the sale, the chief accounting officer now directly owns 11,451 shares of the company’s stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.