EntryPoint Capital LLC Invests $218,000 in OneWater Marine Inc. (NASDAQ:ONEW)

EntryPoint Capital LLC bought a new stake in OneWater Marine Inc. (NASDAQ:ONEW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,569 shares of the company’s stock, valued at approximately $218,000. EntryPoint Capital LLC owned 0.08% of OneWater Marine as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ONEW. FMR LLC lifted its position in shares of OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the last quarter. AlphaQuest LLC acquired a new stake in OneWater Marine during the 4th quarter valued at $158,000. Raymond James Financial Inc. bought a new position in OneWater Marine during the fourth quarter worth $199,000. Rhumbline Advisers increased its holdings in shares of 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 purchasing an additional 683 shares during the last quarter. Finally, Barclays PLC raised its position in shares of OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after purchasing an additional 11,416 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW opened at $16.58 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. OneWater Marine Inc. has a 12-month low of $14.13 and a 12-month high of $31.36. The company’s 50 day moving average price is $17.40 and its two-hundred day moving average price is $19.66. The firm has a market cap of $270.47 million, a PE ratio of -23.03 and a beta of 2.59.

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

Wall Street Analyst Weigh In

ONEW has been the topic of a number of research reports. Truist Financial decreased their price target on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. KeyCorp decreased their target price on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price target on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, OneWater Marine has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Insider Activity at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $15.40 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 682,368 shares in the company, valued at $10,508,467.20. This represents a 2.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.30% of the stock is owned by insiders.

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.