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

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton acquired 6,345 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were bought at an average price of $12.93 per share, with a total value of $82,040.85. Following the acquisition, the chairman directly owned 761,768 shares in the company, valued at $9,849,660.24. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 price of $12.52 per share, with a total value of $225,460.16.

OneWater Marine Stock Down 2.7%

Shares of ONEW stock opened at $11.98 on Friday. OneWater Marine Inc. has a twelve month low of $10.14 and a twelve month high of $21.00. The stock has a market cap of $198.03 million, a P/E ratio of -1.78 and a beta of 1.67. The stock has a 50 day moving average of $12.35 and a 200 day moving average of $14.21. The company has a current ratio of 1.13, a quick ratio of 0.28 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.35. The business had revenue of $380.56 million for the quarter, compared to analysts’ expectations of $380.32 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. As a group, sell-side analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current year.

Institutional Investors Weigh In On OneWater Marine

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in OneWater Marine by 94.4% during the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after purchasing an additional 1,395 shares during the period. Los Angeles Capital Management LLC acquired a new position in OneWater Marine in the fourth quarter valued at approximately $82,000. AlphaQuest LLC grew its position in OneWater Marine by 20.8% in the second quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after acquiring an additional 1,392 shares during the period. JPMorgan Chase & Co. increased its stake in OneWater Marine by 50.0% during the third 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 last quarter. Finally, Wells Fargo & Company MN raised its position in OneWater Marine by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,973 shares of the company’s stock valued at $140,000 after purchasing an additional 3,701 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. KeyCorp cut their price objective on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. Finally, Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. Two equities 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.00.

OneWater Marine Company Profile

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.