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

Dakota Wealth Management acquired a new stake in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.

A number of other hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of OneWater Marine during the fourth quarter worth approximately $29,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 1,691 shares during the period. Wells Fargo & Company MN increased its stake 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 purchasing an additional 1,529 shares during the period. Raymond James Financial Inc. bought a new position in OneWater Marine during the 4th quarter worth $199,000. Finally, EntryPoint Capital LLC bought a new position in OneWater Marine during the 4th quarter worth $218,000. 94.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird lowered their price objective on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Truist Financial lowered their price objective on OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Baird R W lowered OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, KeyCorp lowered their price objective on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, OneWater Marine has a consensus rating of "Hold" and a consensus target price of $19.40.

Insider Buying and Selling

In related news, Director J Steven Roy bought 5,001 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $12.22 per share, with a total value of $61,112.22. Following the acquisition, the director owned 25,761 shares of the company's stock, valued at $314,799.42. This represents a 24.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.30% of the company's stock.

OneWater Marine Price Performance

ONEW stock traded down $0.34 during midday trading on Friday, reaching $13.91. 64,732 shares of the stock were exchanged, compared to its average volume of 129,759. The stock has a market capitalization of $226.87 million, a PE ratio of -29.60 and a beta of 1.97. OneWater Marine Inc. has a 52 week low of $11.58 and a 52 week high of $31.00. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.20 and a quick ratio of 0.33. The company has a fifty day moving average price of $14.51 and a 200 day moving average price of $15.48.

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

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.