OneWater Marine (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton Purchases 6,345 Shares

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton purchased 6,345 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were purchased at an average cost of $12.93 per share, with a total value of $82,040.85. Following the completion of the purchase, the chairman directly owned 761,768 shares in the company, valued at approximately $9,849,660.24. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 12th, Philip Austin Jr. Singleton acquired 18,008 shares of OneWater Marine stock. The shares were acquired at an average cost of $12.52 per share, for a total transaction of $225,460.16.

OneWater Marine Stock Down 2.7%

ONEW stock traded down $0.33 during trading hours on Friday, hitting $11.98. The company’s stock had a trading volume of 207,824 shares, compared to its average volume of 185,656. The stock has a 50 day moving average price of $12.33 and a two-hundred day moving average price of $14.23. OneWater Marine Inc. has a 12 month low of $10.14 and a 12 month high of $21.00. The company has a market capitalization of $198.03 million, a PE ratio of -1.78 and a beta of 1.67. The company has a quick ratio of 0.28, a current ratio of 1.13 and a debt-to-equity ratio of 1.18.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $380.32 million. On average, equities research analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Institutional Trading of OneWater Marine

Several hedge funds and other institutional investors have recently bought and sold shares of ONEW. BNP Paribas Financial Markets raised its position in shares of OneWater Marine by 94.4% during the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after buying an additional 1,395 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in OneWater Marine during the fourth quarter valued at about $82,000. AlphaQuest LLC raised its holdings in OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after acquiring an additional 1,392 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after acquiring an additional 2,710 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of OneWater Marine in the 3rd quarter worth approximately $192,000. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ONEW. KeyCorp lowered their price target on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a research note on Thursday, January 22nd. Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, OneWater Marine currently has an average rating of “Hold” and an average target price of $17.00.

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.