Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Acquires 15,000 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 15,000 shares of OneWater Marine stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $22.31 per share, for a total transaction of $334,650.00. Following the completion of the transaction, the chief executive officer now owns 605,183 shares of the company’s stock, valued at $13,501,632.73. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

OneWater Marine Stock Down 4.8 %

NASDAQ:ONEW traded down $1.07 on Monday, hitting $21.24. 117,049 shares of the company’s stock traded hands, compared to its average volume of 94,622. The company has a market cap of $340.18 million, a PE ratio of -3.74 and a beta of 2.58. The company has a current ratio of 1.21, a quick ratio of 0.30 and a debt-to-equity ratio of 1.07. OneWater Marine Inc. has a 1 year low of $20.00 and a 1 year high of $35.86. The firm has a 50-day moving average price of $27.24 and a 200-day moving average price of $26.09.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a positive return on equity of 6.63% and a negative net margin of 5.16%. The company had revenue of $542.44 million during the quarter, compared to analyst estimates of $600.20 million. During the same quarter last year, the firm posted $1.95 earnings per share. Equities analysts anticipate that OneWater Marine Inc. will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ONEW. KeyCorp dropped their price target on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, OneWater Marine presently has an average rating of “Moderate Buy” and an average target price of $31.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ONEW. GAMMA Investing LLC bought a new stake in shares of OneWater Marine during the fourth quarter valued at approximately $29,000. Rhumbline Advisers grew its position in OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after acquiring an additional 994 shares during the period. SG Americas Securities LLC grew its position in OneWater Marine by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after acquiring an additional 1,350 shares during the period. Tower Research Capital LLC TRC grew its position in OneWater Marine by 319.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $71,000 after acquiring an additional 1,597 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in OneWater Marine by 1.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock valued at $13,483,000 after acquiring an additional 3,770 shares during the period. 94.32% of the stock is owned by institutional investors.

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.