OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton Purchases 11,939 Shares

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton acquired 11,939 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost 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 approximately $12,276,566.62. The trade was a 1.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at 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 Price Performance

Shares of NASDAQ ONEW traded up $1.21 during trading on Friday, hitting $21.23. The company had a trading volume of 26,032 shares, compared to its average volume of 89,374. OneWater Marine Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $35.86. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $24.50. The firm has a market capitalization of $340.95 million, a price-to-earnings ratio of -50.05 and a beta of 2.58.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note 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. Finally, DA Davidson decreased their price objective on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, OneWater Marine has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Institutional Investors Weigh In On OneWater Marine

Several large investors have recently bought and sold shares of ONEW. Barclays PLC increased 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 purchasing an additional 11,416 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of OneWater Marine by 11.4% in the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after buying an additional 29,952 shares in the last quarter. State Street Corp raised its holdings in OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after acquiring an additional 1,131 shares during the last quarter. De Lisle Partners LLP lifted its stake in OneWater Marine by 7.4% in the 3rd quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock worth $1,390,000 after purchasing an additional 4,000 shares in the last quarter. Finally, FMR LLC boosted its holdings 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 purchasing an additional 3,312 shares during the last quarter. 94.32% of the stock is currently owned by hedge funds and other 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.