Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Buys 11,939 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 11,939 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of $19.42 per share, with a total value of $231,855.38. Following the purchase, the chief executive officer now owns 632,161 shares of the company’s stock, valued at approximately $12,276,566.62. The trade was a 1.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, September 5th, Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock. The shares were purchased at an average cost of $22.39 per share, with a total value of $150,013.00.

OneWater Marine Trading Up 7.7 %

NASDAQ:ONEW opened at $21.56 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The firm’s fifty day simple moving average is $22.48 and its 200 day simple moving average is $24.49. OneWater Marine Inc. has a twelve month low of $18.55 and a twelve month high of $35.86.

Wall Street Analyst Weigh In

ONEW has been the topic of several recent research reports. DA Davidson reduced their price target on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. KeyCorp lowered their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Stifel Nicolaus decreased their price objective on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, OneWater Marine has an average rating of “Moderate Buy” and an average target price of $29.00.

Institutional Investors Weigh In On OneWater Marine

A number of large investors have recently modified their holdings of ONEW. Bfsg LLC raised its stake in OneWater Marine by 12.2% in the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after buying an additional 565 shares in the last quarter. Rhumbline Advisers raised its position in shares of OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after acquiring an additional 994 shares in the last quarter. State Street Corp lifted its stake in shares of OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after purchasing an additional 1,131 shares during the period. Sei Investments Co. lifted its stake in shares of OneWater Marine by 1.1% in the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after purchasing an additional 2,124 shares during the period. Finally, FMR LLC boosted its position in shares of OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after purchasing an additional 3,312 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.

About OneWater Marine

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.