Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) Director Buys $61,112.22 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director J Steven Roy acquired 5,001 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $12.22 per share, with a total value of $61,112.22. Following the completion of the acquisition, the director now owns 25,761 shares of the company’s stock, valued at approximately $314,799.42. This trade represents a 24.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW opened at $13.88 on Monday. The stock has a market capitalization of $226.42 million, a P/E ratio of -19.28 and a beta of 2.15. OneWater Marine Inc. has a 1-year low of $11.58 and a 1-year high of $31.36. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $17.71.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). The firm had revenue of $483.52 million for the quarter, compared to the consensus estimate of $498.73 million. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. Equities analysts predict that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Baird R W cut OneWater Marine from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Robert W. Baird cut their price target on OneWater Marine from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Truist Financial cut their price target on OneWater Marine from $25.00 to $16.00 and set a “buy” rating for the company in a report on Monday, April 14th. Stifel Nicolaus cut their price target on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, KeyCorp cut their price target on OneWater Marine from $22.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, OneWater Marine currently has an average rating of “Hold” and a consensus target price of $19.40.

Institutional Trading of OneWater Marine

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in OneWater Marine during the 4th quarter worth about $29,000. GAMMA Investing LLC grew its position in shares of OneWater Marine by 404.5% during the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company’s stock worth $34,000 after buying an additional 1,691 shares during the period. Wells Fargo & Company MN grew its position in shares of OneWater Marine by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,194 shares of the company’s stock worth $125,000 after buying an additional 1,529 shares during the period. AlphaQuest LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth about $158,000. Finally, Raymond James Financial Inc. acquired a new position in shares of OneWater Marine during the 4th quarter worth about $199,000. 94.32% of the stock is owned by institutional investors.

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.