OneWater Marine (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton Buys 18,008 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton purchased 18,008 shares of OneWater Marine stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $12.52 per share, with a total value of $225,460.16. Following the transaction, the chairman owned 779,776 shares in the company, valued at approximately $9,762,795.52. The trade was a 2.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, 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 acquired 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 Stock Performance

Shares of ONEW opened at $11.98 on Friday. The stock has a market capitalization of $198.03 million, a price-to-earnings ratio of -1.78 and a beta of 1.67. The firm has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $14.21. The company has a current ratio of 1.13, a quick ratio of 0.28 and a debt-to-equity ratio of 1.18. OneWater Marine Inc. has a 12 month low of $10.14 and a 12 month high of $21.00.

OneWater Marine (NASDAQ:ONEW) last released its 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 positive return on equity of 4.32% and a negative net margin of 5.88%.The business had revenue of $380.56 million for the quarter, compared to the consensus estimate of $380.32 million. Research analysts forecast that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONEW has been the subject of a number of analyst reports. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. KeyCorp dropped their price target on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Finally, Zacks Research raised shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.00.

Institutional Trading of OneWater Marine

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in OneWater Marine by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,969,542 shares of the company’s stock valued at $26,372,000 after acquiring an additional 261,545 shares in the last quarter. Marshall Wace LLP increased its position in shares of OneWater Marine by 169.9% in the fourth quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock worth $2,662,000 after purchasing an additional 154,876 shares during the period. Jane Street Group LLC increased its holdings in OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock valued at $346,000 after buying an additional 122,976 shares during the period. Divisadero Street Capital Management LP bought a new stake in shares of OneWater Marine during the 3rd quarter worth approximately $1,711,000. Finally, First Eagle Investment Management LLC boosted its position in shares of OneWater Marine by 66.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 251,048 shares of the company’s stock worth $3,362,000 after acquiring an additional 99,964 shares in the last quarter. 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.