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 OneWater Marine stock in a transaction that occurred 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 completion of the transaction, the director owned 51,592 shares of the company’s stock, valued at $680,498.48. This trade represents a 3.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

OneWater Marine Stock Down 2.7%

OneWater Marine stock traded down $0.33 during mid-day trading on Friday, reaching $11.98. 201,875 shares of the company’s stock were exchanged, compared to its average volume of 185,656. 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 Inc. has a twelve month low of $10.14 and a twelve month high of $21.00. The company has a market cap of $198.03 million, a P/E ratio of -1.78 and a beta of 1.67. The company has a fifty day moving average of $12.33 and a 200-day moving average of $14.23.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.35. The business had revenue of $380.56 million during the quarter, compared to the consensus estimate of $380.32 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. Sell-side analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ONEW shares. Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. KeyCorp decreased their price target on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Finally, Benchmark reiterated 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, OneWater Marine presently has an average rating of “Hold” and a consensus price target of $17.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ONEW. BNP Paribas Financial Markets grew its position in shares of OneWater Marine by 94.4% in the 3rd 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 acquired a new position in OneWater Marine in the fourth quarter valued at $82,000. AlphaQuest LLC grew its holdings 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 purchasing an additional 1,392 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 2,710 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of OneWater Marine by 39.9% in the 4th 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 last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

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.