Bfsg LLC Has $127,000 Stake in OneWater Marine Inc. (NASDAQ:ONEW)

Bfsg LLC reduced its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,621 shares of the company’s stock after selling 434 shares during the quarter. Bfsg LLC’s holdings in OneWater Marine were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC bought a new position in OneWater Marine during the fourth quarter worth $29,000. Russell Investments Group Ltd. boosted its holdings in shares of OneWater Marine by 17.2% during the 4th quarter. Russell Investments Group Ltd. now owns 112,831 shares of the company’s stock worth $3,813,000 after buying an additional 16,528 shares during the period. Premier Fund Managers Ltd bought a new stake in shares of OneWater Marine during the 4th quarter worth about $621,000. Hotchkis & Wiley Capital Management LLC grew its stake in OneWater Marine by 1.0% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock valued at $13,483,000 after buying an additional 3,770 shares during the last quarter. Finally, Breach Inlet Capital Management LLC bought a new position in OneWater Marine in the 4th quarter valued at about $8,781,000. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OneWater Marine

In other news, Director Jeffrey B. Lamkin acquired 10,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $21.82 per share, with a total value of $235,656.00. Following the completion of the purchase, the director now directly owns 10,800 shares of the company’s stock, valued at approximately $235,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey B. Lamkin bought 30,919 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $22.27 per share, with a total value of $688,566.13. Following the completion of the acquisition, 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 SEC, which is available through this link. Also, Director Jeffrey B. Lamkin acquired 10,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $21.82 per share, with a total value of $235,656.00. Following the completion of the acquisition, the director now directly owns 10,800 shares of the company’s stock, valued at $235,656. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 70,629 shares of company stock valued at $1,571,786. Company insiders own 18.70% of the company’s stock.

OneWater Marine Stock Performance

NASDAQ ONEW traded down $0.13 during trading on Thursday, reaching $23.95. The company’s stock had a trading volume of 55,852 shares, compared to its average volume of 93,315. The firm has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.60. OneWater Marine Inc. has a 12 month low of $20.00 and a 12 month high of $35.86. The firm has a market capitalization of $383.75 million, a price-to-earnings ratio of -4.24 and a beta of 2.58. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($1.01). The company had revenue of $542.44 million during the quarter, compared to the consensus estimate of $600.20 million. OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. During the same quarter last year, the firm posted $1.95 earnings per share. As a group, equities analysts anticipate that OneWater Marine Inc. will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

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 report on Wednesday, July 31st. KeyCorp reduced their price target on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, OneWater Marine presently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

OneWater Marine 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.