OneWater Marine’s (ONEW) “Hold” Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of OneWater Marine (NASDAQ:ONEW) in a report released on Friday morning,Benzinga reports.

Separately, KeyCorp decreased their price objective on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

OneWater Marine Price Performance

NASDAQ:ONEW opened at $20.00 on Friday. OneWater Marine has a one year low of $19.66 and a one year high of $35.86. The company has a market cap of $321.20 million, a P/E ratio of -50.00 and a beta of 2.58. The firm’s fifty day moving average price is $22.67 and its two-hundred day moving average price is $24.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35.

Insider Activity at OneWater Marine

In other OneWater Marine news, COO Anthony M. Aisquith purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $21.25 per share, for a total transaction of $106,250.00. Following the completion of the purchase, the chief operating officer now owns 729,316 shares of the company’s stock, valued at approximately $15,497,965. The trade was a 0.69 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 3,334 shares of OneWater Marine stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $23.04 per share, for a total transaction of $76,815.36. Following the completion of the purchase, the chief executive officer now directly owns 613,517 shares of the company’s stock, valued at approximately $14,135,431.68. This represents a 0.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 20,034 shares of company stock worth $441,828. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in OneWater Marine by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares in the last quarter. Bfsg LLC grew its stake in OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after buying an additional 565 shares in the last quarter. Royce & Associates LP grew its stake in OneWater Marine by 9.7% during the third quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after buying an additional 144,926 shares in the last quarter. Vanguard Group Inc. grew its stake in OneWater Marine by 2.0% during the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after buying an additional 11,227 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after acquiring an additional 994 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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.