Private Management Group Inc. Has $15.12 Million Stock Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Private Management Group Inc. boosted its position in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 632,380 shares of the company’s stock after buying an additional 5,916 shares during the quarter. Private Management Group Inc. owned approximately 3.94% of OneWater Marine worth $15,120,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bfsg LLC raised its position in shares of OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after acquiring an additional 565 shares during the last quarter. Rhumbline Advisers raised its position in shares of OneWater Marine by 5.4% during the 2nd 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 last quarter. Sei Investments Co. increased its position in shares of OneWater Marine by 1.1% in the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after buying an additional 2,124 shares in the last quarter. NBW Capital LLC increased its position in shares of OneWater Marine by 1.6% in the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock valued at $7,124,000 after buying an additional 4,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of OneWater Marine by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after buying an additional 4,539 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

Insider Buying and Selling at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $21.82 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now owns 610,183 shares in the company, valued at $13,314,193.06. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Jeffrey B. Lamkin acquired 10,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $21.82 per share, for a total transaction of $235,656.00. Following the completion of the acquisition, the director now owns 10,800 shares of the company’s stock, valued at approximately $235,656. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $21.82 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now directly owns 610,183 shares of the company’s stock, valued at approximately $13,314,193.06. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 72,329 shares of company stock worth $1,602,149 over the last three months. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ONEW. KeyCorp lowered their price objective on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, OneWater Marine currently has an average rating of “Moderate Buy” and an average target price of $31.25.

OneWater Marine Price Performance

Shares of NASDAQ ONEW traded up $0.25 during midday trading on Friday, reaching $22.02. The company’s stock had a trading volume of 32,407 shares, compared to its average volume of 88,616. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. OneWater Marine Inc. has a fifty-two week low of $20.00 and a fifty-two week high of $35.86. The business’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $24.53. The company has a market cap of $353.58 million, a P/E ratio of -3.31 and a beta of 2.57.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. The business had revenue of $542.44 million during the quarter, compared to analyst estimates of $600.20 million. During the same quarter in the previous year, the firm posted $1.95 earnings per share. On average, analysts forecast that OneWater Marine Inc. will post 1.39 EPS for the current fiscal year.

OneWater Marine 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.