Jeffrey B. Lamkin Acquires 10,800 Shares of OneWater Marine Inc. (NASDAQ:ONEW) Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director Jeffrey B. Lamkin purchased 10,800 shares of OneWater Marine stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $21.82 per share, with a total value of $235,656.00. Following the transaction, the director now owns 10,800 shares in the company, valued at $235,656. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

OneWater Marine Stock Performance

Shares of OneWater Marine stock traded down $0.27 during trading on Friday, hitting $22.12. 107,682 shares of the stock were exchanged, compared to its average volume of 94,797. The company has a current ratio of 1.21, a quick ratio of 0.30 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average price of $26.95 and a 200-day moving average price of $25.93. The stock has a market capitalization of $354.43 million, a price-to-earnings ratio of -3.88 and a beta of 2.58. OneWater Marine Inc. has a 1-year low of $20.00 and a 1-year high of $35.86.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a positive return on equity of 6.63% and a negative net margin of 5.16%. The business had revenue of $542.44 million for the quarter, compared to the consensus estimate of $600.20 million. During the same quarter in the prior year, the firm posted $1.95 earnings per share. As a group, equities analysts predict that OneWater Marine Inc. will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of OneWater Marine in the fourth quarter valued at approximately $29,000. Rhumbline Advisers lifted its position in shares of OneWater Marine by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after acquiring an additional 994 shares during the period. SG Americas Securities LLC grew its holdings in shares of OneWater Marine by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock worth $213,000 after purchasing an additional 1,350 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of OneWater Marine by 319.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after purchasing an additional 1,597 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in OneWater Marine by 1.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock valued at $13,483,000 after purchasing an additional 3,770 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. KeyCorp lowered their target price on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, OneWater Marine has a consensus rating of “Moderate Buy” and a consensus target price 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.