Insider Buying: MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Acquires $176,741.04 in Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager bought 11,172 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was acquired at an average price of $15.82 per share, for a total transaction of $176,741.04. Following the acquisition, the insider now directly owns 1,724,941 shares in the company, valued at $27,288,566.62. The trade was a 0.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Tuesday, April 15th, Fund L.P. Forager purchased 4,658 shares of MasterCraft Boat stock. The shares were bought at an average price of $15.09 per share, with a total value of $70,289.22.

MasterCraft Boat Price Performance

NASDAQ MCFT opened at $16.00 on Friday. The business’s fifty day moving average is $17.20 and its 200-day moving average is $18.37. The stock has a market capitalization of $268.05 million, a price-to-earnings ratio of -40.00 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. Research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MCFT shares. B. Riley upgraded MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. StockNews.com raised MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial cut their price objective on shares of MasterCraft Boat from $22.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Baird R W downgraded shares of MasterCraft Boat from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, DA Davidson cut their price target on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.60.

Hedge Funds Weigh In On MasterCraft Boat

Several institutional investors have recently bought and sold shares of the company. Divisar Capital Management LLC increased its position in MasterCraft Boat by 29.9% in the fourth quarter. Divisar Capital Management LLC now owns 1,006,805 shares of the company’s stock worth $19,200,000 after buying an additional 231,908 shares during the last quarter. Coliseum Capital Management LLC lifted its position in shares of MasterCraft Boat by 5.6% during the 4th quarter. Coliseum Capital Management LLC now owns 3,562,615 shares of the company’s stock valued at $67,939,000 after buying an additional 189,945 shares during the last quarter. LHM Inc. bought a new position in shares of MasterCraft Boat during the 4th quarter worth $1,636,000. Franklin Resources Inc. increased its holdings in MasterCraft Boat by 32.0% in the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company’s stock worth $4,847,000 after acquiring an additional 61,554 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in MasterCraft Boat by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company’s stock valued at $16,075,000 after acquiring an additional 57,729 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Company Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.