Royce & Associates LP Buys 146,798 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Royce & Associates LP lifted its position in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000,586 shares of the company's stock after purchasing an additional 146,798 shares during the quarter. Royce & Associates LP owned 12.26% of OneWater Marine worth $32,369,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ONEW. BNP Paribas Financial Markets acquired a new position in shares of OneWater Marine in the fourth quarter valued at $29,000. GAMMA Investing LLC raised its stake in shares of OneWater Marine by 404.5% in the first quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock valued at $34,000 after purchasing an additional 1,691 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of OneWater Marine by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock valued at $125,000 after purchasing an additional 1,529 shares in the last quarter. Raymond James Financial Inc. acquired a new position in OneWater Marine during the fourth quarter worth $199,000. Finally, EntryPoint Capital LLC acquired a new position in OneWater Marine during the fourth quarter worth $218,000. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine Price Performance

Shares of NASDAQ:ONEW traded down $0.16 during midday trading on Monday, reaching $15.21. The company's stock had a trading volume of 97,742 shares, compared to its average volume of 154,363. OneWater Marine Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $30.74. The company has a market capitalization of $248.12 million, a P/E ratio of -32.36 and a beta of 1.97. 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 business's fifty day simple moving average is $14.47 and its 200-day simple moving average is $15.42.

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

Insider Transactions at OneWater Marine

In other news, Director J Steven Roy purchased 5,001 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the completion of the acquisition, the director directly owned 25,761 shares in the company, valued at approximately $314,799.42. The trade was a 24.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 20.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ONEW has been the subject of several recent analyst reports. Truist Financial dropped their price objective on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird dropped their price objective on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. KeyCorp dropped their price objective on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Baird R W lowered OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, OneWater Marine presently has a consensus rating of "Hold" and an average price target of $19.40.

About OneWater Marine

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.