OneWater Marine Inc. (NASDAQ:ONEW) Director Mitchell W. Legler sold 1,500 shares of the stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $47.11, for a total transaction of $70,665.00. Following the completion of the transaction, the director now owns 61,299 shares of the company’s stock, valued at $2,887,795.89. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of NASDAQ ONEW traded down $1.94 during trading on Thursday, reaching $46.06. 65,019 shares of the company traded hands, compared to its average volume of 89,150. The firm’s 50 day moving average price is $47.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.15 and a quick ratio of 0.50. The stock has a market capitalization of $692.70 million, a PE ratio of 9.34 and a beta of 3.91. OneWater Marine Inc. has a 52-week low of $18.01 and a 52-week high of $56.78.
OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, April 29th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $1.12. The firm had revenue of $329.61 million for the quarter, compared to the consensus estimate of $254.54 million. OneWater Marine had a net margin of 3.65% and a return on equity of 26.73%. As a group, equities research analysts forecast that OneWater Marine Inc. will post 6.01 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP boosted its holdings in shares of OneWater Marine by 17.5% during the 1st quarter. Royce & Associates LP now owns 1,156,715 shares of the company’s stock valued at $46,222,000 after acquiring an additional 172,176 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of OneWater Marine by 42.3% in the fourth quarter. Engineers Gate Manager LP now owns 20,664 shares of the company’s stock worth $601,000 after buying an additional 6,142 shares during the last quarter. Infini Master Fund purchased a new position in shares of OneWater Marine in the first quarter worth approximately $246,000. Citigroup Inc. boosted its holdings in shares of OneWater Marine by 533.1% in the fourth quarter. Citigroup Inc. now owns 1,608 shares of the company’s stock worth $47,000 after buying an additional 1,354 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new position in shares of OneWater Marine in the first quarter worth approximately $215,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.
About OneWater Marine
OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.
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