Marine Products (MPX) Reaches $12.74 Formed H&S; Legg Mason BW Global Income Opportunities Fund Has 2.1 Sentiment

Marine Products Corporation (MPX) formed H&S with $12.36 target or 3.00% below today’s $12.74 share price. Marine Products Corporation (MPX) has $443.05 million valuation. The stock decreased 4.64% or $0.62 during the last trading session, reaching $12.74. About 104,918 shares traded or 259.31% up from the average. Marine Products Corporation (NYSE:MPX) has risen 59.03% since December 30, 2016 and is uptrending. It has outperformed by 42.33% the S&P500.

The stock increased 0.08% or $0.01 during the last trading session, reaching $12.77. About 78,612 shares traded. Legg Mason BW Global Income Opportunities Fund Inc. (BWG) has risen 6.52% since December 30, 2016 and is uptrending. It has underperformed by 10.18% the S&P500.

Rivernorth Capital Management Llc holds 2.08% of its portfolio in Legg Mason BW Global Income Opportunities Fund Inc. for 1.89 million shares. Saba Capital Management L.P. owns 853,401 shares or 1.16% of their US portfolio. Moreover, Financial & Investment Management Group Ltd has 1.02% invested in the company for 230,062 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.38% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 225,090 shares.

Analysts await Marine Products Corporation (NYSE:MPX) to report earnings on January, 24. They expect $0.16 earnings per share, up 60.00% or $0.06 from last year’s $0.1 per share. MPX’s profit will be $5.56M for 19.91 P/E if the $0.16 EPS becomes a reality. After $0.13 actual earnings per share reported by Marine Products Corporation for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.36, from 1.04 in 2017Q2. It is negative, as 6 investors sold Marine Products Corporation shares while 19 reduced holdings. 8 funds opened positions while 9 raised stakes. 5.19 million shares or 1.08% less from 5.24 million shares in 2017Q2 were reported. Acadian Asset Mgmt Lc has 0% invested in Marine Products Corporation (NYSE:MPX) for 1,588 shares. Blackrock holds 558,279 shares or 0% of its portfolio. Barclays Public Ltd Co has invested 0% in Marine Products Corporation (NYSE:MPX). Morgan Stanley has invested 0% of its portfolio in Marine Products Corporation (NYSE:MPX). Bancorporation Of Mellon Corp holds 0% or 164,649 shares in its portfolio. Dimensional Fund Advsrs Limited Partnership owns 591,374 shares or 0% of their US portfolio. Legal & General Grp Inc Public Limited Company reported 1,829 shares stake. Pnc Fincl Service Gru owns 16,434 shares. Seizert Partners Ltd Limited Liability Company invested in 135,998 shares. Denali accumulated 166 shares. Strs Ohio accumulated 719 shares or 0% of the stock. The New York-based Goldman Sachs has invested 0% in Marine Products Corporation (NYSE:MPX). New York-based Teton Inc has invested 1.21% in Marine Products Corporation (NYSE:MPX). National Bank & Trust Of America Corporation De owns 7,728 shares. Vanguard Gru reported 389,397 shares.