OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton Acquires 5,000 Shares

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $21.82 per share, with a total value of $109,100.00. Following the purchase, the chief executive officer now directly owns 610,183 shares of the company’s stock, valued at approximately $13,314,193.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 1st, Philip Austin Jr. Singleton acquired 15,000 shares of OneWater Marine stock. The stock was bought at an average price of $22.31 per share, with a total value of $334,650.00.

OneWater Marine Trading Down 1.2 %

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

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On OneWater Marine

Large investors have recently bought and sold shares of the stock. Private Management Group Inc. grew its stake in OneWater Marine by 3.2% in the second quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after acquiring an additional 19,222 shares during the period. Vanguard Group Inc. grew its position in OneWater Marine by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock valued at $16,365,000 after purchasing an additional 11,227 shares during the period. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in OneWater Marine by 1.0% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock worth $13,483,000 after buying an additional 3,770 shares during the last quarter. Finally, Breach Inlet Capital Management LLC bought a new position in shares of OneWater Marine in the fourth quarter valued at $8,781,000. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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.