Filing Worth Mentioning: Learn Why Mario Gabelli’s Gamco Investors, Inc Et Al Just Purchased Marine Products Corp Stake?

Filing Worth Mentioning: Learn Why Mario Gabelli's Gamco Investors, Inc Et Al Just Purchased Marine Products Corp Stake?

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Marine Products Corp

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Marine Products Corp. The form can be accessed here: 000080724916000486. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 0.02% or 1,211,882 shares of the Consumer Discretionary–company.

Marine Products Corp stake is a new one for the for the hedge fund and it was filed because of activity on November 18, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Marine Products Corp Institutional Sentiment

Latest Security and Exchange filings show 49 investors own Marine Products Corp. The institutional ownership in Q3 2015 is low, at 19.04% of the outstanding shares. This is decreased by 519211 the total institutional shares. 7302484 were the shares owned by these institutional investors. In total 7 funds opened new Marine Products Corp stakes, 16 increased stakes. There were 4 that closed positions and 18 reduced them.

Mario Gabelli Gamco Investors Inc Et Al is an institutional investor bullish on Marine Products Corp, owning 2313039 shares as of Q3 2015 for 0.11% of its portfolio. Mark Coe Coe Capital Management Llc owns 30156 shares or less than 0.01% of its portfolio. MA Schwerin Boyle Capital Management Inc have 0.17% of their stock portfolio for 172500 shares. Further, Spectrum Advisory Services Inc reported stake worth 0.04% of its US stock portfolio. The NY Teton Advisors Inc owns 1455500 shares. Marine Products Corp is 0.77% of the manager’s US portfolio.

Business Profile

Marine Products Corporation (MPC) is engaged in manufacturing powerboats and providing related products and services. The Company manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats. MPC designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, jet boat and sport fishing markets. The Company sells its products to a network of approximately 150 domestic and over 85 international independent authorized dealers. The Company manufactures Chaparral sterndrive pleasure boats, including H2O Sport, and Fish & Ski boats, SSi and SSX Sportboats, Sunesta Sportdecks, Signature Cruisers, SunCoast Sportdeck outboards, Vortex Jet Boats and Robalo outboard sport fishing boats.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.5 in Q2 2016. Its down 0.17, from 1.67 in 2016Q1. The ratio dived, as 4 funds sold all Marine Products Corp. shares owned while 11 reduced positions. 3 funds bought stakes while 22 increased positions. They now own 7.76 million shares or 1.38% less from 7.87 million shares in 2016Q1.

Denali Advisors Ltd Limited Liability Company accumulated 0% or 300 shares. Northern Tru Corporation has 0% invested in the company for 150,903 shares. Deutsche Natl Bank Ag accumulated 0% or 5,620 shares. Blackrock Ltd Liability Corporation has 7,510 shares for 0% of their US portfolio. The Texas-based Dimensional Fund Advsr Limited Partnership has invested 0% in Marine Products Corp. (NYSE:MPX). Bancorporation Of Ny Mellon reported 82,874 shares or 0% of all its holdings. Teachers Advsr Incorporated last reported 0% of its portfolio in the stock. Guardian Trust reported 250 shares or 0% of all its holdings. Blackrock Invest Management Ltd, a New Jersey-based fund reported 38,794 shares. Gamco Et Al holds 0.13% of its portfolio in Marine Products Corp. (NYSE:MPX) for 2.28M shares. Wells Fargo & Communications Mn holds 838 shares or 0% of its portfolio. Synovus Fincl reported 225,573 shares or 0.04% of all its holdings. Panagora Asset Inc holds 0% or 4,911 shares in its portfolio. Bnp Paribas Arbitrage holds 421 shares or 0% of its portfolio. Schwab Charles Invest Incorporated has 33,704 shares for 0% of their US portfolio.

About 93,676 shares traded hands or 132.56% up from the average. Marine Products Corp. (NYSE:MPX) has risen 30.09% since April 19, 2016 and is uptrending. It has outperformed by 26.22% the S&P500.

Marine Products Corporation is engaged in manufacturing powerboats and providing related services and products. The company has a market cap of $419.08 million. The Firm makes fiberglass motorized boats distributed and marketed through its independent dealer network. It has a 24.04 P/E ratio. The Firm operates in Powerboat Manufacturing business segment.

More notable recent Marine Products Corp. (NYSE:MPX) news were published by: Prnewswire.com which released: “Marine Products Corporation Announces Final Results of Tender Offer” on November 14, 2016, also Prnewswire.com with their article: “Marine Products Corporation Announces Tender Offer Proration Results” published on November 18, 2016, Prnewswire.com published: “Marine Products Corporation Reports Third Quarter 2016 Financial Results” on October 26, 2016. More interesting news about Marine Products Corp. (NYSE:MPX) were released by: Prnewswire.com and their article: “Marine Products Corporation Announces Tender Offer” published on August 17, 2016 as well as Prnewswire.com‘s news article titled: “Marine Products Corporation Announces Management Restructuring” with publication date: May 04, 2016.

According to Zacks Investment Research, “MARINE PRODUCTS is the third-largest distributor of sterndrive powerboats in the U.S. The company designs, manufactures and distributes premium-branded Chaparral sterndrive pleasure boats and Robalo outboard offshore fishing boats, and continues to diversify its product line through product innovation and strategic acquisition. With premium brands and a solid capital structure, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.”

MPX Company Profile

Marine Products Corporation (MPC), incorporated on August 31, 2000, is engaged in manufacturing powerboats and providing related services and products. The Firm makes fiberglass motorized boats distributed and marketed through its independent dealer network. The Firm operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats. MPC designs, makes and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, jet boat and sport fishing markets. The Firm sells its products to a network of approximately 150 domestic and over 85 international independent authorized dealers.

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