OneWater Marine Inc. (NASDAQ:ONEW) shares traded -1.34% lower at $31.63 on Wall Street last session.
ONEW stock price is now 3.03% away from the 50-day moving average and -5.43% away from the 200-day moving average. The market capitalization of the company currently stands at $487.73M.
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With the price target of $35, DA Davidson recently initiated with Neutral rating for OneWater Marine Inc. (NASDAQ: ONEW). On September 30, 2021, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $45, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
In other news, Singleton Philip Austin Jr., insider bought 3,435 shares of the company’s stock on Dec 19. The stock was bought for $104,546 at an average price of $30.44. Upon completion of the transaction, the insider now directly owns 535,305 shares in the company, valued at $16.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, CEO – See Remarks Singleton Philip Austin Jr. bought 225 shares of the business’s stock. A total of $6,959 was incurred on buying the stock at an average price of $30.93. This leaves the insider owning 531,870 shares of the company worth $16.82 million. Insiders disposed of 190,096 shares of company stock worth roughly $6.01 million over the past 1 year. A total of 4.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ONEW stock. A new stake in OneWater Marine Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $2,476,000. RENAISSANCE TECHNOLOGIES LLC invested $1,445,000 in shares of ONEW during the first quarter. In the first quarter, PRUDENTIAL FINANCIAL INC acquired a new stake in OneWater Marine Inc. valued at approximately $650,000. QUADRATURE CAPITAL LTD acquired a new stake in ONEW for approximately $437,000. INDEXIQ ADVISORS LLC purchased a new stake in ONEW valued at around $355,000 in the second quarter. In total, there are 158 active investors with 66.00% ownership of the company’s stock.
OneWater Marine Inc. (NASDAQ: ONEW) opened at $31.87 on Thursday. During the past 12 months, OneWater Marine Inc. has had a low of $27.10 and a high of $54.71. As of last week, the company has a debt-to-equity ratio of 1.84, a current ratio of 1.30, and a quick ratio of 0.40. The fifty day moving average price for ONEW is $30.70 and a two-hundred day moving average price translates $33.44 for the stock.
The latest earnings results from OneWater Marine Inc. (NASDAQ: ONEW) was released for Jun, 2022. According to the Recreational Vehicles Company, earnings per share came in at $3.86, beating analysts’ expectations of $3.49 by 0.37. This compares to $1.89 EPS in the same period last year. The net profit margin was 7.50% and return on equity was 40.00% for ONEW. The company reported revenue of $397.52 million for the quarter, compared to $280.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.82 percent. For the current quarter, analysts expect ONEW to generate $401.94M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/19/2021. Investors who held shares on 06/28/2021 were paid a $1.80 dividend.
OneWater Marine Inc.(ONEW) 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 also 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, as well as rental of boats and personal watercraft. As of September 30, 2021, it operated 70 stores in 11 states, including Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio and New Jersey. OneWater Marine Inc. was founded in 2014 and is headquartered in Buford, Georgia.
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