EntryPoint Capital LLC Buys Shares of 12,569 OneWater Marine Inc. (NASDAQ:ONEW)

EntryPoint Capital LLC bought a new position in OneWater Marine Inc. (NASDAQ:ONEW) in the fourth quarter, Holdings Channel.com reports. The firm bought 12,569 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC increased its position in OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after purchasing an additional 3,312 shares in the last quarter. State Street Corp increased its holdings in shares of OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock worth $5,405,000 after buying an additional 1,131 shares in the last quarter. Barclays PLC lifted its stake in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after acquiring an additional 11,416 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of OneWater Marine by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after acquiring an additional 29,952 shares in the last quarter. Finally, Rhumbline Advisers grew its position in OneWater Marine by 3.6% during the 4th quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock worth $338,000 after acquiring an additional 683 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $15.40 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now directly owns 682,368 shares of the company’s stock, valued at $10,508,467.20. This trade represents a 2.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.30% of the stock is currently owned by corporate insiders.

OneWater Marine Trading Down 4.6 %

NASDAQ ONEW opened at $16.58 on Friday. The firm has a market capitalization of $270.47 million, a PE ratio of -23.03 and a beta of 2.59. The business’s 50-day moving average price is $17.40 and its two-hundred day moving average price is $19.66. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. OneWater Marine Inc. has a 12 month low of $14.13 and a 12 month high of $31.36.

OneWater Marine (NASDAQ:ONEW) last announced its earnings results on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, beating 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%. On average, analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

ONEW has been the subject of several research reports. Truist Financial dropped 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. KeyCorp dropped 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. Finally, Stifel Nicolaus reduced their target price on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, OneWater Marine has a consensus rating of “Moderate Buy” and an average target price of $23.75.

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.