Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Purchases 11,939 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton bought 11,939 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $19.42 per share, for a total transaction of $231,855.38. Following the transaction, the chief executive officer now owns 632,161 shares of the company’s stock, valued at approximately $12,276,566.62. This represents a 1.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 5th, Philip Austin Jr. Singleton acquired 6,700 shares of OneWater Marine stock. The stock was purchased at an average cost of $22.39 per share, with a total value of $150,013.00.

OneWater Marine Price Performance

OneWater Marine stock opened at $21.56 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $22.48 and a 200 day moving average price of $24.50. OneWater Marine Inc. has a 12-month low of $18.55 and a 12-month high of $35.86. The stock has a market cap of $346.25 million, a P/E ratio of -53.90 and a beta of 2.58.

Analyst Ratings Changes

ONEW has been the subject of a number of research reports. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Stifel Nicolaus dropped their price objective on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 15th. DA Davidson decreased their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Finally, KeyCorp lowered their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Institutional Trading of OneWater Marine

Several hedge funds have recently made changes to their positions in ONEW. Bfsg LLC lifted its holdings in OneWater Marine by 12.2% in the third 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 OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the period. State Street Corp lifted its stake in shares of OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after purchasing an additional 1,131 shares during the last quarter. Sei Investments Co. grew its holdings in shares of OneWater Marine by 1.1% during the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock worth $5,243,000 after purchasing an additional 2,124 shares during the period. Finally, FMR LLC increased its position in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after purchasing an additional 3,312 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine Company 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.