Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Purchases $241,800.00 in Stock

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

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

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

OneWater Marine Stock Performance

OneWater Marine stock opened at $17.97 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. OneWater Marine Inc. has a twelve month low of $17.62 and a twelve month high of $35.86. The company’s 50-day moving average price is $21.45 and its 200-day moving average price is $23.57. The company has a market cap of $292.12 million, a PE ratio of -44.92 and a beta of 2.55.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On OneWater Marine

Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in shares of OneWater Marine by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock worth $2,062,000 after purchasing an additional 4,539 shares during the period. Rhumbline Advisers boosted its stake in OneWater Marine by 5.4% during the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after buying an additional 994 shares during the period. Private Management Group Inc. increased its position in OneWater Marine by 3.2% during the second quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after acquiring an additional 19,222 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of OneWater Marine by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after acquiring an additional 24,364 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of OneWater Marine by 1.1% in the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock worth $5,243,000 after acquiring an additional 2,124 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

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.