OneWater Marine (NASDAQ:ONEW) Chairman Buys $225,460.16 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton acquired 18,008 shares of OneWater Marine stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $12.52 per share, with a total value of $225,460.16. Following the completion of the purchase, the chairman directly owned 779,776 shares in the company, valued at $9,762,795.52. This represents a 2.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, February 11th, Philip Austin Jr. Singleton purchased 6,345 shares of OneWater Marine stock. The stock was acquired at an average cost of $12.93 per share, for a total transaction of $82,040.85.

OneWater Marine Price Performance

ONEW stock opened at $11.98 on Monday. OneWater Marine Inc. has a one year low of $10.14 and a one year high of $21.00. The company’s fifty day moving average price is $12.35 and its 200-day moving average price is $14.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.26 and a current ratio of 1.13. The company has a market capitalization of $198.99 million, a PE ratio of -1.78 and a beta of 1.67.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating 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 company had revenue of $380.56 million for the quarter, compared to the consensus estimate of $380.32 million. On average, equities analysts anticipate that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Zacks Research raised shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. KeyCorp dropped their price objective 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. 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 stock. According to MarketBeat, OneWater Marine has an average rating of “Hold” and a consensus price target of $17.00.

Hedge Funds Weigh In On OneWater Marine

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of OneWater Marine by 94.4% in the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after acquiring an additional 1,395 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of OneWater Marine in the fourth quarter valued at about $82,000. AlphaQuest LLC lifted its stake in OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after purchasing an additional 1,392 shares in the last quarter. JPMorgan Chase & Co. boosted 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 buying an additional 2,710 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of OneWater Marine by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,973 shares of the company’s stock valued at $140,000 after acquiring an additional 3,701 shares during the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

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.