OneWater Marine Inc. (NASDAQ:ONEW) CEO Buys $231,855.38 in 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 shares were purchased at an average price of $19.42 per share, with a total value of $231,855.38. Following the acquisition, the chief executive officer now directly owns 632,161 shares in the company, valued at approximately $12,276,566.62. This trade represents a 1.92 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

OneWater Marine Trading Up 7.6 %

Shares of OneWater Marine stock traded up $1.41 during trading on Thursday, hitting $20.02. 100,454 shares of the company were exchanged, compared to its average volume of 89,651. The firm’s fifty day moving average price is $22.52 and its 200 day moving average price is $24.53. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. OneWater Marine Inc. has a 1-year low of $18.55 and a 1-year high of $35.86.

Hedge Funds Weigh In On OneWater Marine

A number of large investors have recently modified their holdings of ONEW. FMR LLC boosted its stake 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 acquiring an additional 3,312 shares during the period. SG Americas Securities LLC bought a new position in shares of OneWater Marine during the third quarter worth approximately $119,000. Bfsg LLC lifted its position in shares of OneWater Marine by 12.2% during the 3rd 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 period. Barclays PLC lifted its position in 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 purchasing an additional 11,416 shares during the period. Finally, Rhumbline Advisers increased its stake 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 acquiring an additional 994 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ONEW shares. Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. KeyCorp dropped their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. DA Davidson reduced their target price on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Monday. Finally, Stifel Nicolaus reduced their target price on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 15th. Two 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 has a consensus rating of “Moderate Buy” and a consensus 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.