Insider Buying: OneWater Marine Inc. (NASDAQ:ONEW) Director Purchases $688,566.13 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director Jeffrey B. Lamkin purchased 30,919 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $22.27 per share, with a total value of $688,566.13. Following the purchase, the director now owns 56,705 shares of the company’s stock, valued at $1,262,820.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OneWater Marine Trading Down 1.2 %

Shares of OneWater Marine stock opened at $22.12 on Monday. The firm’s 50 day moving average is $26.88 and its 200 day moving average is $25.81. The firm has a market capitalization of $354.43 million, a PE ratio of -3.88 and a beta of 2.58. OneWater Marine Inc. has a 1 year low of $20.00 and a 1 year high of $35.86. The company has a current ratio of 1.21, a quick ratio of 0.30 and a debt-to-equity ratio of 1.07.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). OneWater Marine had a positive return on equity of 6.63% and a negative net margin of 5.16%. The company had revenue of $542.44 million for the quarter, compared to the consensus estimate of $600.20 million. During the same period in the previous year, the firm posted $1.95 EPS. Equities research analysts forecast that OneWater Marine Inc. will post 1.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently bought and sold shares of ONEW. GAMMA Investing LLC acquired a new stake in shares of OneWater Marine during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its position in OneWater Marine by 319.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after buying an additional 1,597 shares during the period. Bfsg LLC acquired a new position in OneWater Marine in the 4th quarter valued at approximately $171,000. SG Americas Securities LLC raised its stake in shares of OneWater Marine by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after acquiring an additional 1,350 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of OneWater Marine during the first quarter worth $322,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

Wall Street Analysts Forecast Growth

ONEW has been the subject of several analyst reports. Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. KeyCorp lowered their price objective on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, OneWater Marine currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

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.