J Steven Roy Buys 2,500 Shares of OneWater Marine Inc. (NASDAQ:ONEW) Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director J Steven Roy purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $19.05 per share, with a total value of $47,625.00. Following the acquisition, the director now directly owns 20,760 shares of the company’s stock, valued at $395,478. This represents a 13.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OneWater Marine Stock Performance

Shares of ONEW stock opened at $21.56 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. The firm has a market cap of $346.25 million, a price-to-earnings ratio of -53.90 and a beta of 2.58. OneWater Marine Inc. has a 52 week low of $18.55 and a 52 week high of $35.86. The firm’s 50-day simple moving average is $22.48 and its two-hundred day simple moving average is $24.50.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. DA Davidson reduced their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. KeyCorp reduced their price objective on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. Finally, Stifel Nicolaus reduced their target price on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a 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’s stock. According to data from MarketBeat, OneWater Marine currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Institutional Investors Weigh In On OneWater Marine

A number of hedge funds have recently modified their holdings of ONEW. Dimensional Fund Advisors LP increased its position in OneWater Marine by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares during the last quarter. Royce & Associates LP grew its stake in shares of OneWater Marine by 9.7% during the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after acquiring an additional 144,926 shares during the period. Bfsg LLC increased its holdings in OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after acquiring an additional 565 shares during the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 11,227 shares during the period. Finally, Rhumbline Advisers raised its stake in OneWater Marine by 5.4% in 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. Institutional investors own 94.32% of the company’s stock.

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.