OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $31.25.

A number of equities research analysts recently issued reports on the company. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. KeyCorp lowered their price objective on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st.

Insider Transactions at OneWater Marine

In other news, Director Jeffrey B. Lamkin bought 2,567 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $22.90 per share, for a total transaction of $58,784.30. Following the completion of the acquisition, the director now owns 62,281 shares in the company, valued at approximately $1,426,234.90. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $21.82 per share, with a total value of $109,100.00. Following the completion of the transaction, the chief executive officer now directly owns 610,183 shares in the company, valued at approximately $13,314,193.06. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey B. Lamkin bought 2,567 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $22.90 per share, for a total transaction of $58,784.30. Following the completion of the acquisition, the director now directly owns 62,281 shares in the company, valued at $1,426,234.90. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 72,329 shares of company stock worth $1,602,149 in the last 90 days. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of OneWater Marine in the third quarter valued at about $119,000. Bfsg LLC raised its holdings in OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after acquiring an additional 565 shares during the period. SageView Advisory Group LLC acquired a new stake in OneWater Marine during the first quarter worth approximately $322,000. Rhumbline Advisers boosted its holdings in shares of 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 during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of OneWater Marine by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock worth $2,062,000 after acquiring an additional 4,539 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Price Performance

ONEW stock opened at $22.02 on Friday. The stock has a 50-day moving average price of $22.64 and a two-hundred day moving average price of $24.53. OneWater Marine has a 1 year low of $20.00 and a 1 year high of $35.86. The stock has a market cap of $353.64 million, a PE ratio of -3.31 and a beta of 2.58. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04.

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.