OneWater Marine Inc. (NASDAQ:ONEW) CEO Purchases $76,815.36 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 3,334 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $23.04 per share, for a total transaction of $76,815.36. Following the acquisition, the chief executive officer now directly owns 613,517 shares in the company, valued at approximately $14,135,431.68. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Philip Austin Jr. Singleton also recently made the following trade(s):

• On Wednesday, August 7th, Philip Austin Jr. Singleton bought 5,000 shares of OneWater Marine stock. The stock was purchased at an average cost of $21.82 per share, for a total transaction of $109,100.00.
• On Thursday, August 1st, Philip Austin Jr. Singleton purchased 15,000 shares of OneWater Marine stock. The shares were purchased at an average cost of $22.31 per share, with a total value of $334,650.00.

OneWater Marine Trading Up 1.8 %

ONEW traded up $0.45 on Monday, reaching $25.09. 63,983 shares of the company traded hands, compared to its average volume of 93,419. The company has a market cap of $402.02 million, a P/E ratio of -4.32 and a beta of 2.58. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. OneWater Marine Inc. has a one year low of $20.00 and a one year high of $35.86. The firm has a fifty day simple moving average of $25.84 and a two-hundred day simple moving average of $25.64.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. The company had revenue of $542.44 million for the quarter, compared to the consensus estimate of $600.20 million. During the same period in the prior year, the firm posted $1.95 EPS. As a group, equities research analysts expect that OneWater Marine Inc. will post 1.48 earnings per share for the current year.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Breach Inlet Capital Management LLC bought a new stake in shares of OneWater Marine in the fourth quarter valued at about $8,781,000. Dimensional Fund Advisors LP increased its position in OneWater Marine by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after purchasing an additional 24,364 shares during the period. Private Management Group Inc. raised its holdings in shares of OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after purchasing an additional 19,222 shares in the last quarter. Premier Fund Managers Ltd purchased a new stake in shares of OneWater Marine in the 4th quarter worth approximately $621,000. Finally, Russell Investments Group Ltd. lifted its position in shares of OneWater Marine by 17.2% in the 4th quarter. Russell Investments Group Ltd. now owns 112,831 shares of the company’s stock worth $3,813,000 after purchasing an additional 16,528 shares during the period. 94.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ONEW shares. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. KeyCorp reduced their price target on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.25.

OneWater Marine Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.