Jeffrey B. Lamkin buys 10,800 shares of OneWater Marine Inc. (NASDAQ:ONEW)

OneWater Marine Inc. (NASDAQ:ONEW – Get Your Free Report) Director Jeffrey B. Lamkin purchased 10,800 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $21.82 per share, with a total value of $235,656.00. Following the completion of the transaction, the director now directly owns 10,800 shares in the company, valued at approximately $235,656. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.

OneWater Marine Stock Performance

NASDAQ:ONEW opened at $22.12 on Friday. The firm has a market cap of $354.43 million, a PE ratio of -3.88 and a beta of 2.58. The stock’s fifty-day moving average is $26.88, and its 200-day moving average is $25.84. OneWater Marine Inc. has a fifty-two week low of $20.00 and a fifty-two week high of $35.86. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.30, and a current ratio of 1.21.

OneWater Marine (NASDAQ:ONEW – Get Your Free Report ) last announced its earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.63%. The firm had revenue of $542.44 million during the quarter, compared to analysts’ expectations of $600.20 million. During the same period in the previous year, the company posted EPS of $1.95. On average, sell-side analysts anticipate that OneWater Marine Inc. will post 1.48 earnings per share for the current year.

Analysts set new price targets

A number of equities research analysts have recently issued reports on ONEW shares. Benchmark restated a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. KeyCorp decreased their target price on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. OneWater Marine has an average rating of “Moderate Buy” and a consensus price target of $31.25, according to data from MarketBeat.

Read our latest research report on OneWater Marine

Institutional Marketing of OneWater Marine

Institutional investors have recently added to or reduced their stakes in the company. Private Management Group Inc. boosted its holdings in shares of OneWater Marine by 3.2% in the second quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock worth $17,272,000 after purchasing an additional 19,222 shares during the period. Vanguard Group Inc. raised its position 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 in the last quarter. Dimensional Fund Advisors LP grew its position in OneWater Marine by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after acquiring an additional 24,364 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in OneWater Marine by 1.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock worth $13,483,000 after purchasing an additional 3,770 shares during the period. Finally, Breach Inlet Capital Management LLC bought a new stake in shares of OneWater Marine in the fourth quarter valued at $8,781,000. Institutional investors own 94.32% of the company’s shares.

About OneWater Marine

(Get a free report)

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and used pleasure boats and yachts, as well as related marine products such as parts and accessories. Offers boat repair and maintenance services. In addition, the company provides financing and insurance for the boats; and other ancillary services, including indoor and outdoor storage and port services.

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