OneWater Marine Inc. (NASDAQ:ONEW) COO Acquires $108,750.00 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) COO Anthony M. Aisquith bought 5,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $21.75 per share, for a total transaction of $108,750.00. Following the completion of the acquisition, the chief operating officer now owns 724,316 shares of the company’s stock, valued at approximately $15,753,873. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OneWater Marine Stock Performance

Shares of ONEW opened at $21.21 on Friday. OneWater Marine Inc. has a 12 month low of $20.00 and a 12 month high of $35.86. The firm has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $25.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.05 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 analyst estimates of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same quarter in the prior year, the company earned $1.95 earnings per share. As a group, equities analysts expect that OneWater Marine Inc. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ONEW. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. KeyCorp reduced their price objective on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC bought a new stake in shares of OneWater Marine during the 1st quarter worth approximately $322,000. Rhumbline Advisers raised its position in OneWater Marine by 5.4% during the second 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. Premier Fund Managers Ltd acquired a new stake in OneWater Marine in the fourth quarter valued at $621,000. Bank of New York Mellon Corp grew its position in shares of OneWater Marine by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after acquiring an additional 4,539 shares during the period. Finally, Sei Investments Co. grew its position 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 acquiring an additional 2,124 shares during the period. 94.32% of the stock is currently owned by institutional investors.

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.