OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton Acquires 13,000 Shares

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton acquired 13,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $18.60 per share, for a total transaction of $241,800.00. Following the acquisition, the chief executive officer now owns 667,368 shares in the company, valued at $12,413,044.80. The trade was a 1.99 % increase in their position. The purchase 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 bought 1,046 shares of OneWater Marine stock. The shares were 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 purchased 11,939 shares of OneWater Marine stock. The stock was purchased at an average cost of $19.42 per share, for a total transaction of $231,855.38.

OneWater Marine Stock Performance

Shares of NASDAQ ONEW traded down $0.35 during mid-day trading on Monday, hitting $17.78. The company had a trading volume of 152,418 shares, compared to its average volume of 91,740. The business’s 50-day simple moving average is $21.76 and its 200-day simple moving average is $23.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 0.35. OneWater Marine Inc. has a 12 month low of $17.62 and a 12 month high of $35.86. The firm has a market cap of $285.49 million, a P/E ratio of -44.45 and a beta of 2.55.

Institutional Trading of OneWater Marine

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in OneWater Marine by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after buying an additional 24,364 shares during the period. Royce & Associates LP raised its position in OneWater Marine by 9.7% in the third quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after purchasing an additional 144,926 shares in the last quarter. Bfsg LLC lifted its stake in 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 purchasing an additional 565 shares during the period. Rhumbline Advisers boosted its holdings in OneWater Marine by 5.4% during 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 in the last quarter. Finally, Sei Investments Co. boosted its holdings in OneWater Marine by 1.1% during the second quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after purchasing an additional 2,124 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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