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

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton bought 6,345 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was bought at an average price of $12.93 per share, with a total value of $82,040.85. Following the completion of the purchase, the chairman owned 761,768 shares of the company’s stock, valued at $9,849,660.24. This trade represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 12th, Philip Austin Jr. Singleton purchased 18,008 shares of OneWater Marine stock. The stock was purchased at an average price of $12.52 per share, for a total transaction of $225,460.16.

OneWater Marine Stock Performance

ONEW traded down $0.33 during trading hours on Friday, hitting $11.98. The company’s stock had a trading volume of 207,824 shares, compared to its average volume of 185,656. The company has a 50-day simple moving average of $12.33 and a 200 day simple moving average of $14.23. The company has a current ratio of 1.13, a quick ratio of 0.28 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $198.03 million, a PE ratio of -1.78 and a beta of 1.67. OneWater Marine Inc. has a fifty-two week low of $10.14 and a fifty-two week high of $21.00.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.35. The company had revenue of $380.56 million for the quarter, compared to the consensus estimate of $380.32 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. As a group, sell-side analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in OneWater Marine by 3.6% during the 3rd quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock valued at $32,323,000 after acquiring an additional 71,026 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of OneWater Marine by 1.2% during the third quarter. Vanguard Group Inc. now owns 706,260 shares of the company’s stock worth $11,187,000 after purchasing an additional 8,465 shares during the period. Private Management Group Inc. grew its position in OneWater Marine by 2.1% during the second quarter. Private Management Group Inc. now owns 595,511 shares of the company’s stock valued at $7,974,000 after purchasing an additional 12,504 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in OneWater Marine by 0.4% in 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. Finally, General Equity Holdings LP increased its stake in OneWater Marine by 17.9% in the 2nd quarter. General Equity Holdings LP now owns 470,246 shares of the company’s stock valued at $6,297,000 after buying an additional 71,435 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About OneWater Marine

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.