Bfsg LLC Sells 1,608 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Bfsg LLC trimmed its position in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,578 shares of the company’s stock after selling 1,608 shares during the period. Bfsg LLC’s holdings in OneWater Marine were worth $62,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its holdings in OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after purchasing an additional 3,312 shares during the period. SG Americas Securities LLC purchased a new position in shares of OneWater Marine during the third quarter valued at approximately $119,000. Rhumbline Advisers raised its holdings in shares of OneWater Marine by 3.6% during 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 in the last quarter. Barclays PLC lifted its stake in OneWater Marine by 267.9% in the third 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. Finally, De Lisle Partners LLP boosted its holdings in OneWater Marine by 7.4% in the third 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 in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

OneWater Marine Price Performance

Shares of ONEW opened at $18.96 on Thursday. OneWater Marine Inc. has a fifty-two week low of $14.29 and a fifty-two week high of $31.36. The firm’s 50-day simple moving average is $17.70 and its two-hundred day simple moving average is $20.83. The stock has a market cap of $309.24 million, a PE ratio of -26.33 and a beta of 2.58. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate 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%. Analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $18.60 per share, for a total transaction of $241,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 667,368 shares in the company, valued at $12,413,044.80. This represents a 1.99 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.30% of the company’s stock.

Analyst Ratings Changes

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

OneWater Marine 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 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.