Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Acquires 13,000 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 13,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $18.60 per share, with a total value of $241,800.00. Following the completion of the transaction, the chief executive officer now owns 667,368 shares of the company’s stock, valued at $12,413,044.80. This represents a 1.99 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 26th, Philip Austin Jr. Singleton acquired 1,046 shares of OneWater Marine stock. The stock was bought at an average cost of $20.85 per share, with a total value of $21,809.10.
• On Tuesday, November 19th, Philip Austin Jr. Singleton bought 11,939 shares of OneWater Marine stock. The shares were bought at an average cost of $19.42 per share, for a total transaction of $231,855.38.

OneWater Marine Trading Up 1.1 %

ONEW opened at $17.97 on Wednesday. The company’s 50 day moving average is $21.66 and its 200-day moving average is $23.69. The company has a market cap of $292.12 million, a P/E ratio of -44.92 and a beta of 2.55. OneWater Marine Inc. has a 1-year low of $17.62 and a 1-year high of $35.86. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06.

Institutional Trading of OneWater Marine

A number of hedge funds and other institutional investors have recently modified their holdings of ONEW. Barclays PLC lifted its stake in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after acquiring an additional 11,416 shares during the last quarter. Geode Capital Management LLC increased its holdings in OneWater Marine by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after purchasing an additional 29,952 shares in the last quarter. State Street Corp raised its position in OneWater Marine by 0.5% in the third 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. De Lisle Partners LLP boosted its stake in shares of OneWater Marine by 7.4% during the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock valued at $1,390,000 after purchasing an additional 4,000 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of OneWater Marine by 332.5% during the third 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. Institutional investors own 94.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. DA Davidson reduced their price target on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus decreased their price objective on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, KeyCorp cut their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.00.

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.