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 on 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 completion of the acquisition, the chief executive officer now directly owns 632,161 shares in the company, valued at $12,276,566.62. The trade was a 1.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed 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 purchased 6,700 shares of OneWater Marine stock. The shares were purchased at an average cost of $22.39 per share, for a total transaction of $150,013.00.

OneWater Marine Stock Performance

NASDAQ ONEW traded up $1.21 during trading hours on Friday, hitting $21.23. The company had a trading volume of 26,032 shares, compared to its average volume of 89,374. The business has a 50 day moving average of $22.50 and a 200-day moving average of $24.50. The company has a market cap of $340.95 million, a PE ratio of -50.05 and a beta of 2.58. OneWater Marine Inc. has a 1-year low of $18.55 and a 1-year high of $35.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29.

Institutional Trading of OneWater Marine

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in 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 buying an additional 3,312 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of OneWater Marine in the third quarter valued at approximately $119,000. Bfsg LLC grew its position in shares of OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after acquiring an additional 565 shares during the last quarter. Barclays PLC grew its position in shares of OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after acquiring an additional 994 shares during the period. 94.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About OneWater Marine

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.