OneWater Marine Inc. (NASDAQ:ONEW) CEO Purchases $231,000.00 in Stock

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 682,368 shares of the company's stock, valued at $10,508,467.20. This represents a 2.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 19th, Philip Austin Jr. Singleton purchased 13,000 shares of OneWater Marine stock. The stock was bought at an average cost of $18.60 per share, with a total value of $241,800.00.

OneWater Marine Stock Up 0.5 %

NASDAQ:ONEW traded up $0.09 during trading hours on Friday, hitting $17.03. 158,942 shares of the company's stock traded hands, compared to its average volume of 162,701. The firm has a market cap of $277.81 million, a P/E ratio of -23.65 and a beta of 2.59. OneWater Marine Inc. has a twelve month low of $14.13 and a twelve month high of $31.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The stock's fifty day moving average price is $17.20 and its two-hundred day moving average price is $20.33.

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OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. On average, research analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ONEW shares. DA Davidson lowered their price target on OneWater Marine from $27.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Stifel Nicolaus lowered their price target on OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. KeyCorp lowered their price target on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial decreased their target price on OneWater Marine from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of OneWater Marine in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP grew its stake in OneWater Marine by 13.2% in the fourth quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock valued at $32,219,000 after purchasing an additional 216,410 shares in the last quarter. American Century Companies Inc. raised its holdings in OneWater Marine by 1.8% in the 4th quarter. American Century Companies Inc. now owns 1,676,270 shares of the company's stock valued at $29,134,000 after acquiring an additional 29,468 shares in the last quarter. Dimensional Fund Advisors LP grew its position in OneWater Marine by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company's stock worth $8,186,000 after acquiring an additional 3,508 shares during the last quarter. Geode Capital Management LLC grew its position in OneWater Marine by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock worth $5,150,000 after acquiring an additional 2,454 shares during the last quarter. Finally, Sei Investments Co. grew its position in OneWater Marine by 14.0% during the 4th quarter. Sei Investments Co. now owns 229,506 shares of the company's stock worth $3,989,000 after acquiring an additional 28,164 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company's stock.

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.