Insider Selling: OneWater Marine (NASDAQ:ONEW) Director Sells 27,844 Shares of Stock

by · The Cerbat Gem

OneWater Marine Inc. (NASDAQ:ONEW – Get Free Report) Director John Troiano sold 27,844 shares of OneWater Marine stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the sale, the director owned 41,438 shares of the company’s stock, valued at $500,156.66. The trade was a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

John Troiano also recently made the following trade(s):

  • On Thursday, May 7th, John Troiano sold 3,671 shares of OneWater Marine stock. The shares were sold at an average price of $12.16, for a total value of $44,639.36.
  • On Thursday, February 12th, John Troiano sold 1,662 shares of OneWater Marine stock. The shares were sold at an average price of $13.19, for a total value of $21,921.78.

OneWater Marine Stock Performance

Shares of ONEW stock traded down $0.23 during trading hours on Tuesday, reaching $11.35. 48,026 shares of the company traded hands, compared to its average volume of 159,993. OneWater Marine Inc. has a 12-month low of $8.12 and a 12-month high of $17.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.29. The company has a market cap of $188.65 million, a P/E ratio of -1.51 and a beta of 1.49. The firm has a 50-day moving average price of $10.06 and a 200 day moving average price of $11.84.

OneWater Marine (NASDAQ:ONEW – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.43). OneWater Marine had a positive return on equity of 2.22% and a negative net margin of 6.69%.The business had revenue of $442.29 million during the quarter, compared to analysts’ expectations of $477.30 million. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, sell-side analysts predict that OneWater Marine Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ONEW has been the subject of several research reports. Truist Financial lowered their target price on OneWater Marine from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 27th. Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research note on Tuesday, April 21st. KeyCorp decreased their price target on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, Robert W. Baird set a $13.00 price target on OneWater Marine in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

Get Our Latest Stock Analysis on ONEW

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of OneWater Marine by 3.6% in the third quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock valued at $32,323,000 after purchasing an additional 71,026 shares during the period. Divisadero Street Capital Management LP acquired a new stake in OneWater Marine during the third quarter worth about $1,711,000. Graham Capital Management L.P. grew its holdings in OneWater Marine by 41.8% during the fourth quarter. Graham Capital Management L.P. now owns 38,642 shares of the company’s stock worth $418,000 after acquiring an additional 11,396 shares during the period. Franklin Resources Inc. grew its holdings in OneWater Marine by 107.4% during the third quarter. Franklin Resources Inc. now owns 21,980 shares of the company’s stock worth $348,000 after acquiring an additional 11,383 shares during the period. Finally, AQR Capital Management LLC grew its holdings in OneWater Marine by 22.8% during the fourth quarter. AQR Capital Management LLC now owns 31,906 shares of the company’s stock worth $345,000 after acquiring an additional 5,914 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

About OneWater Marine

(Get Free Report)

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.

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