Michael Schmit - Marine Products CFO Sec

MPX Stock  USD 9.98  0.14  1.42%   

Insider

Michael Schmit is CFO Sec of Marine Products
Age 51
Address 2801 Buford Highway NE, Atlanta, GA, United States, 30329
Phone404 321 7910
Webhttps://www.marineproductscorp.com

Michael Schmit Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Schmit against Marine Products stock is an integral part of due diligence when investing in Marine Products. Michael Schmit insider activity provides valuable insight into whether Marine Products is net buyers or sellers over its current business cycle. Note, Marine Products insiders must abide by specific rules, including filing SEC forms every time they buy or sell Marine Products'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Marine Products Management Efficiency

The company has Return on Asset of 0.0694 % which means that on every $100 spent on assets, it made $0.0694 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1363 %, implying that it generated $0.1363 on every 100 dollars invested. Marine Products' management efficiency ratios could be used to measure how well Marine Products manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.12 in 2024. Return On Capital Employed is likely to drop to 0.18 in 2024. At this time, Marine Products' Total Current Assets are fairly stable compared to the past year. Deferred Long Term Asset Charges is likely to rise to about 4.1 M in 2024, whereas Total Assets are likely to drop slightly above 117.6 M in 2024.
Marine Products has 297 K in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. Marine Products has a current ratio of 3.98, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Marine to invest in growth at high rates of return.

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Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia. Marine Products operates under Recreational Vehicles classification in the United States and is traded on New York Stock Exchange. It employs 880 people. Marine Products (MPX) is traded on New York Stock Exchange in USA. It is located in 2801 Buford Highway NE, Atlanta, GA, United States, 30329 and employs 690 people. Marine Products is listed under Leisure Products category by Fama And French industry classification.

Management Performance

Marine Products Leadership Team

Elected by the shareholders, the Marine Products' board of directors comprises two types of representatives: Marine Products inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marine. The board's role is to monitor Marine Products' management team and ensure that shareholders' interests are well served. Marine Products' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Marine Products' outside directors are responsible for providing unbiased perspectives on the board's policies.
Pamela Rollins, Director
Bill Dismuke, Independent Director
Richard Hubbell, CEO and President Director, Member of Executive Committee, CEO of RPC Inc and President of RPC Inc and Director of RPC Inc
James Williams, Independent Director
Harry Cynkus, Independent Director
Michael CPA, VP, CFO
Benjamin Palmer, Chief Financial Officer, Vice President, Corporate Secretary
Ben Palmer, CFO, Principal Accounting Officer, VP, Treasurer, CFO of RPC Inc, VP of RPC Inc and Treasurer of RPC Inc
Susan Bell, Independent Director
James Landers, VP of Corporate Fin.
Timothy Rollins, Director
Michael Schmit, CFO Sec
Sharon Lennon, Manager Communications
Patrick Gunning, Independent Director
Henry Tippie, Presiding Independent Director
R Rollins, Chairman of the Board
Jerry Nix, Lead Independent Director
Gary Rollins, Non-Executive Chairman of the Board

Marine Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Marine Products a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Additional Tools for Marine Stock Analysis

When running Marine Products' price analysis, check to measure Marine Products' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Marine Products is operating at the current time. Most of Marine Products' value examination focuses on studying past and present price action to predict the probability of Marine Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marine Products' price. Additionally, you may evaluate how the addition of Marine Products to your portfolios can decrease your overall portfolio volatility.