Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Acquires $21,809.10 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of $20.85 per share, for a total transaction of $21,809.10. Following the acquisition, the chief executive officer now directly owns 644,786 shares in the company, valued at $13,443,788.10. This trade represents a 0.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, November 19th, Philip Austin Jr. Singleton acquired 11,939 shares of OneWater Marine stock. The shares were purchased at an average price of $19.42 per share, for a total transaction of $231,855.38.
• On Thursday, September 5th, Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock. The shares were purchased at an average cost of $22.39 per share, with a total value of $150,013.00.

OneWater Marine Stock Performance

OneWater Marine stock opened at $22.19 on Monday. 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 company has a market capitalization of $356.37 million, a PE ratio of -55.47 and a beta of 2.58. The company has a 50 day moving average price of $22.34 and a 200-day moving average price of $24.40. OneWater Marine Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $35.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after buying an additional 3,312 shares in the last quarter. SG Americas Securities LLC purchased a new stake in OneWater Marine in the third quarter worth about $119,000. Bfsg LLC grew its holdings in OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after acquiring an additional 565 shares in the last quarter. Barclays PLC increased its position in OneWater Marine by 267.9% during the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after purchasing an additional 11,416 shares during the period. Finally, Rhumbline Advisers increased its position in OneWater Marine by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the period. Institutional investors own 94.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. KeyCorp reduced their price target on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. DA Davidson dropped their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus reduced their target price on OneWater Marine from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

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.