NBW Capital LLC Sells 49,349 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

NBW Capital LLC trimmed its position in OneWater Marine Inc. (NASDAQ:ONEW) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,665 shares of the company’s stock after selling 49,349 shares during the quarter. NBW Capital LLC owned approximately 1.23% of OneWater Marine worth $3,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after buying an additional 3,312 shares during the period. Rhumbline Advisers boosted its stake in OneWater Marine by 3.6% in the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock valued at $338,000 after acquiring an additional 683 shares during the last quarter. Barclays PLC grew its holdings in OneWater Marine by 267.9% during the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares during the period. De Lisle Partners LLP raised its position in shares of OneWater Marine by 7.4% during the 3rd quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock valued at $1,390,000 after acquiring an additional 4,000 shares during the last quarter. Finally, State Street Corp raised its position in shares of OneWater Marine by 0.5% during the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after acquiring an additional 1,131 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DA Davidson reduced their price target on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. KeyCorp lowered their price target on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Truist Financial lowered their target price on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OneWater Marine presently has an average rating of “Moderate Buy” and an average target price of $23.75.

Insider Activity

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $18.60 per share, with a total value of $241,800.00. Following the purchase, the chief executive officer now directly owns 667,368 shares of the company’s stock, valued at $12,413,044.80. The trade was a 1.99 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 20.30% of the company’s stock.

OneWater Marine Price Performance

NASDAQ ONEW opened at $16.35 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The stock has a market cap of $266.72 million, a price-to-earnings ratio of -22.71 and a beta of 2.58. The business has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $20.52. OneWater Marine Inc. has a 52-week low of $14.29 and a 52-week high of $31.36.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. Analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

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.