OneWater Marine Inc. (NASDAQ:ONEW) Director Acquires $47,625.00 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director J Steven Roy purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $19.05 per share, for a total transaction of $47,625.00. Following the transaction, the director now directly owns 20,760 shares in the company, valued at approximately $395,478. This trade represents a 13.69 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

OneWater Marine Price Performance

Shares of NASDAQ ONEW opened at $21.56 on Friday. The firm has a market capitalization of $346.25 million, a P/E ratio of -53.90 and a beta of 2.58. The firm’s 50-day moving average price is $22.48 and its 200-day moving average price is $24.50. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. OneWater Marine Inc. has a 1-year low of $18.55 and a 1-year high of $35.86.

Institutional Trading of OneWater Marine

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in OneWater Marine by 2.0% in the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock valued at $16,365,000 after acquiring an additional 11,227 shares during the period. NBW Capital LLC lifted its holdings in shares of OneWater Marine by 1.6% in the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock worth $7,124,000 after purchasing an additional 4,100 shares in the last quarter. Bank of New York Mellon Corp grew its position in 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 valued at $2,062,000 after purchasing an additional 4,539 shares during the period. Rhumbline Advisers increased its stake in OneWater Marine by 5.4% during the 2nd 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, Private Management Group Inc. raised its holdings in OneWater Marine by 3.2% during the second quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock worth $17,272,000 after buying an additional 19,222 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ONEW shares. DA Davidson dropped their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. Stifel Nicolaus cut their target price 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. Finally, KeyCorp lowered their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Two 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.com, OneWater Marine currently 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.