Insider Selling: OneWater Marine (NASDAQ:ONEW) Director Sells 1,662 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director John Troiano sold 1,662 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $13.19, for a total transaction of $21,921.78. Following the transaction, the director directly owned 51,592 shares in the company, valued at approximately $680,498.48. The trade was a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

OneWater Marine Price Performance

Shares of ONEW stock traded down $0.33 on Friday, reaching $11.98. 201,875 shares of the company were exchanged, compared to its average volume of 185,656. The company has a market cap of $198.03 million, a price-to-earnings ratio of -1.78 and a beta of 1.67. The business has a 50-day moving average price of $12.33 and a 200 day moving average price of $14.23. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.28 and a current ratio of 1.13. OneWater Marine Inc. has a 1 year low of $10.14 and a 1 year high of $21.00.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.35. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. The firm had revenue of $380.56 million for the quarter, compared to analyst estimates of $380.32 million. Equities research analysts forecast that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ONEW. KeyCorp decreased their price objective on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OneWater Marine has an average rating of “Hold” and a consensus target price of $17.00.

Institutional Trading of OneWater Marine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its position in shares of OneWater Marine by 20.8% during the second quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after buying an additional 1,392 shares during the period. BNP Paribas Financial Markets boosted its holdings in OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after acquiring an additional 1,395 shares during the period. Dimensional Fund Advisors LP boosted its holdings in OneWater Marine by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock valued at $8,710,000 after acquiring an additional 2,378 shares during the period. JPMorgan Chase & Co. grew its position in OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after acquiring an additional 2,710 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in OneWater Marine by 5.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company’s stock valued at $948,000 after acquiring an additional 3,312 shares in the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.