Dakota Wealth Management Takes Position in OneWater Marine Inc. (NASDAQ:ONEW)

Dakota Wealth Management purchased a new stake in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,218 shares of the company's stock, valued at approximately $586,000. Dakota Wealth Management owned about 0.22% of OneWater Marine as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ONEW. BNP Paribas Financial Markets purchased a new position in OneWater Marine in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in shares of OneWater Marine by 404.5% during the first quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock worth $34,000 after acquiring an additional 1,691 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of OneWater Marine by 27.0% during the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock worth $125,000 after acquiring an additional 1,529 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of OneWater Marine during the fourth quarter worth approximately $199,000. Finally, EntryPoint Capital LLC purchased a new position in shares of OneWater Marine during the fourth quarter worth approximately $218,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OneWater Marine news, Director J Steven Roy bought 5,001 shares of OneWater Marine stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $12.22 per share, with a total value of $61,112.22. Following the completion of the acquisition, the director owned 25,761 shares in the company, valued at $314,799.42. The trade was a 24.09% 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 link. Company insiders own 20.30% of the company's stock.

OneWater Marine Stock Performance

Shares of NASDAQ ONEW traded up $0.21 during mid-day trading on Thursday, hitting $14.25. 92,268 shares of the company were exchanged, compared to its average volume of 129,860. The company has a quick ratio of 0.33, a current ratio of 1.20 and a debt-to-equity ratio of 1.05. The stock has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $15.54. OneWater Marine Inc. has a 1-year low of $11.58 and a 1-year high of $31.00. The firm has a market cap of $232.42 million, a price-to-earnings ratio of 50.14 and a beta of 1.97.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). OneWater Marine had a positive return on equity of 1.09% and a negative net margin of 0.39%. The company had revenue of $483.52 million for the quarter, compared to analyst estimates of $498.73 million. On average, sell-side analysts forecast that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ONEW shares. Baird R W lowered shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial lowered their target price on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird lowered their target price on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, KeyCorp lowered their target price on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Four investment 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, the stock currently has a consensus rating of "Hold" and an average target price of $19.40.

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.