Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) CEO Acquires 1,046 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton purchased 1,046 shares of the stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $20.85 per share, for a total transaction of $21,809.10. Following the transaction, the chief executive officer now owns 644,786 shares of the company’s stock, valued at approximately $13,443,788.10. This trade represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, November 19th, Philip Austin Jr. Singleton acquired 11,939 shares of OneWater Marine stock. The stock was acquired at an average price of $19.42 per share, with a total value of $231,855.38.
• On Thursday, September 5th, Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock. The stock was bought at an average cost of $22.39 per share, with a total value of $150,013.00.

OneWater Marine Trading Up 0.2 %

Shares of ONEW traded up $0.04 during trading hours on Friday, reaching $22.19. 87,935 shares of the company traded hands, compared to its average volume of 90,407. OneWater Marine Inc. has a 12 month low of $18.55 and a 12 month high of $35.86. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. The company’s fifty day moving average price is $22.37 and its two-hundred day moving average price is $24.45.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Stifel Nicolaus dropped their price objective on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 15th. KeyCorp lowered their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a 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 on the stock in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Institutional Trading of OneWater Marine

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in shares of OneWater Marine by 332.5% in 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 in the last quarter. SG Americas Securities LLC bought a new position in OneWater Marine in the third quarter worth $119,000. Bfsg LLC lifted its position in OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after buying an additional 565 shares during the period. Barclays PLC boosted its holdings in shares of OneWater Marine by 267.9% during the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of OneWater Marine by 5.4% in the 2nd 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. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

OneWater Marine Company Profile

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.