Yahoo Finance Director Mark Lanigan Acquires 20,000 Shares of Malibu Boats Inc (MBUU)
On May 6, 2024, Mark Lanigan, Director at Malibu Boats Inc (NASDAQ:MBUU), purchased 20,000 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's total holdings in the company to 20,000 shares.
Malibu Boats Inc, headquartered in Loudon, Tennessee, is a leading manufacturer of recreational powerboats. The company is known for its high-performance sports boats, primarily used for water skiing, wakeboarding, and wake surfing.
The shares were acquired at a price of $33.43 per share, valuing the transaction at approximately $668,600. Following this purchase, the market cap of Malibu Boats Inc stands at $704.15 million.
According to the GF Value, the intrinsic value of Malibu Boats Inc is estimated at $44.42 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.75.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
Over the past year, there have been a total of 2 insider buys and 3 insider sells at Malibu Boats Inc. The insider transaction trend can be visualized in the following chart:
The recent insider buying activity by the insider could signal a positive outlook on the stock's future performance.
For more detailed valuation metrics, refer to the GF Value chart below:
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
