OneWater Marine Inc. (NASDAQ:ONEW) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,355 shares of the company's stock after acquiring an additional 24,364 shares during the quarter. Dimensional Fund Advisors LP owned about 2.69% of OneWater Marine worth $11,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SageView Advisory Group LLC purchased a new stake in OneWater Marine during the 1st quarter valued at about $322,000. Rhumbline Advisers increased its stake in OneWater Marine by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company's stock worth $531,000 after buying an additional 994 shares in the last quarter. Bank of New York Mellon Corp increased its stake in OneWater Marine by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company's stock worth $2,062,000 after buying an additional 4,539 shares in the last quarter. NBW Capital LLC grew its position in shares of OneWater Marine by 1.6% in the first quarter. NBW Capital LLC now owns 253,079 shares of the company's stock valued at $7,124,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Breach Inlet Capital Management LLC purchased a new stake in shares of OneWater Marine in the fourth quarter valued at approximately $8,781,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 3,334 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 613,517 shares of the company's stock, valued at approximately $14,135,431.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Philip Austin Jr. Singleton purchased 3,334 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of $23.04 per share, with a total value of $76,815.36. Following the purchase, the chief executive officer now directly owns 613,517 shares of the company's stock, valued at $14,135,431.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey B. Lamkin purchased 10,800 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $21.82 per share, for a total transaction of $235,656.00. Following the purchase, the director now directly owns 10,800 shares in the company, valued at approximately $235,656. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 87,329 shares of company stock worth $1,936,799. Company insiders own 18.70% of the company's stock.

OneWater Marine Stock Performance

Shares of ONEW traded up $0.09 during midday trading on Monday, reaching $21.37. 78,233 shares of the stock were exchanged, compared to its average volume of 91,105. The business's 50-day moving average price is $23.25 and its 200 day moving average price is $25.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. OneWater Marine Inc. has a twelve month low of $20.00 and a twelve month high of $35.86. The company has a market capitalization of $343.20 million, a price-to-earnings ratio of -3.72 and a beta of 2.57.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($1.01). The company had revenue of $542.44 million during the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. During the same quarter last year, the firm earned $1.95 EPS. On average, sell-side analysts expect that OneWater Marine Inc. will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ONEW. Benchmark restated a "hold" rating on shares of OneWater Marine in a research report on Wednesday, July 31st. KeyCorp decreased their price target on OneWater Marine from $30.00 to $29.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.25.

OneWater Marine 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.