Divisar Capital Management LLC Sells 318,145 Shares of Mastercraft Boat Holdings, Inc. $MCFT

Divisar Capital Management LLC cut its stake in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 27.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 860,495 shares of the company’s stock after selling 318,145 shares during the period. Mastercraft Boat accounts for approximately 5.0% of Divisar Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Divisar Capital Management LLC owned approximately 0.05% of Mastercraft Boat worth $18,466,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Mastercraft Boat by 38.9% during the 3rd quarter. Bank of America Corp DE now owns 30,561 shares of the company’s stock worth $656,000 after buying an additional 8,551 shares during the period. Algert Global LLC bought a new position in Mastercraft Boat in the 3rd quarter valued at about $288,000. Alliancebernstein L.P. lifted its position in Mastercraft Boat by 274.0% during the third quarter. Alliancebernstein L.P. now owns 65,890 shares of the company’s stock worth $1,414,000 after acquiring an additional 48,270 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Mastercraft Boat during the third quarter worth approximately $553,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after acquiring an additional 150,125 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Mastercraft Boat Trading Down 1.5%

Shares of MCFT opened at $19.63 on Monday. Mastercraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $26.49. The firm’s 50 day moving average is $22.04 and its 200-day moving average is $20.94. The stock has a market capitalization of $319.58 million, a PE ratio of 20.45 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $71.76 million during the quarter, compared to analysts’ expectations of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Equities research analysts predict that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $23.50, for a total value of $622,679.50. Following the transaction, the insider owned 1,611,277 shares in the company, valued at approximately $37,865,009.50. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Coliseum Capital Management, L purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average cost of $19.66 per share, with a total value of $491,500.00. Following the purchase, the insider owned 3,697,422 shares of the company’s stock, valued at $72,691,316.52. This represents a 0.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 134,807 shares of company stock valued at $2,649,367 and have sold 87,841 shares valued at $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

MCFT has been the topic of a number of recent research reports. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. Robert W. Baird set a $28.00 price objective on Mastercraft Boat in a report on Friday, February 6th. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, Loop Capital initiated coverage on Mastercraft Boat in a report on Monday, December 22nd. They set a “hold” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $23.60.

Mastercraft Boat Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.