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

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton purchased 6,345 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were purchased at an average cost of $12.93 per share, for a total transaction of $82,040.85. Following the completion of the transaction, the chairman owned 761,768 shares in the company, valued at approximately $9,849,660.24. This represents a 0.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 stock was acquired at an average cost of $12.52 per share, with a total value of $225,460.16.

OneWater Marine Stock Down 2.7%

ONEW stock opened at $11.98 on Friday. The firm has a market cap of $198.01 million, a price-to-earnings ratio of -1.78 and a beta of 1.67. OneWater Marine Inc. has a 1-year low of $10.14 and a 1-year high of $21.00. The firm has a fifty day moving average price of $12.35 and a two-hundred day moving average price of $14.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 0.28.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping 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. Research analysts predict that OneWater Marine Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ONEW. KeyCorp cut their price target on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Benchmark reissued a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. AlphaQuest LLC increased 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 valued at $108,000 after purchasing an additional 1,392 shares during the period. BNP Paribas Financial Markets grew its position in 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in OneWater Marine by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock valued at $8,710,000 after buying an additional 2,378 shares during the period. JPMorgan Chase & Co. raised its position in shares of OneWater Marine by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after buying an additional 2,710 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in shares of OneWater Marine by 5.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company’s stock worth $948,000 after acquiring an additional 3,312 shares during the period. Institutional investors 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.