OneWater Marine Inc. (NASDAQ:ONEW) CEO Buys $231,855.38 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton acquired 11,939 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were bought at an average cost of $19.42 per share, for a total transaction of $231,855.38. Following the completion of the acquisition, the chief executive officer now directly owns 632,161 shares of the company’s stock, valued at approximately $12,276,566.62. The trade was a 1.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 5th, Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock. The shares were purchased at an average price of $22.39 per share, for a total transaction of $150,013.00.

OneWater Marine Stock Up 7.7 %

ONEW stock opened at $21.56 on Friday. OneWater Marine Inc. has a one year low of $18.55 and a one year high of $35.86. 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’s fifty day moving average is $22.48 and its 200 day moving average is $24.50. The firm has a market cap of $346.25 million, a PE ratio of -53.90 and a beta of 2.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased 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. DA Davidson decreased 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 report on Monday, November 18th. KeyCorp reduced their price objective on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors have recently modified their holdings of the business. Royce & Associates LP raised its holdings in OneWater Marine by 9.7% in the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after purchasing an additional 144,926 shares during the period. Geode Capital Management LLC raised its stake in shares of OneWater Marine by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after buying an additional 29,952 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of OneWater Marine by 6.0% during the 2nd 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 period. Private Management Group Inc. lifted its position in shares of OneWater Marine by 3.2% during the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after buying an additional 19,222 shares in the last quarter. Finally, Barclays PLC grew its stake in OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after acquiring an additional 11,416 shares during the period. 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.