Sei Investments Co. Has $5.24 Million Position in OneWater Marine Inc. (NASDAQ:ONEW)

Sei Investments Co. increased its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,182 shares of the company’s stock after purchasing an additional 2,124 shares during the quarter. Sei Investments Co. owned approximately 1.19% of OneWater Marine worth $5,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Breach Inlet Capital Management LLC acquired a new stake in shares of OneWater Marine during the fourth quarter valued at about $8,781,000. Dimensional Fund Advisors LP boosted its position in OneWater Marine by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares during the period. Private Management Group Inc. grew its holdings in OneWater Marine by 3.2% during the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock worth $17,272,000 after acquiring an additional 19,222 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of OneWater Marine by 2.0% during the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock valued at $16,365,000 after acquiring an additional 11,227 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of OneWater Marine during the first quarter worth $322,000. Institutional investors own 94.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ONEW. Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. KeyCorp lowered their price objective on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.25.

OneWater Marine Stock Down 4.9 %

Shares of OneWater Marine stock opened at $22.75 on Wednesday. The stock’s 50-day moving average is $23.70 and its 200 day moving average is $25.22. OneWater Marine Inc. has a one year low of $20.00 and a one year high of $35.86. The firm has a market cap of $364.52 million, a price-to-earnings ratio of -3.99 and a beta of 2.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($1.01). The company had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same period last year, the business earned $1.95 EPS. Equities research analysts anticipate that OneWater Marine Inc. will post 1.48 EPS for the current year.

Insider Activity

In other news, CEO Philip Austin Jr. Singleton bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $21.82 per share, with a total value of $109,100.00. Following the transaction, the chief executive officer now directly owns 610,183 shares of the company’s stock, valued at approximately $13,314,193.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Philip Austin Jr. Singleton bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $21.82 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now directly owns 610,183 shares in the company, valued at $13,314,193.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey B. Lamkin purchased 2,567 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $22.90 per share, with a total value of $58,784.30. Following the purchase, the director now directly owns 62,281 shares in the company, valued at approximately $1,426,234.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 87,329 shares of company stock worth $1,936,799. Company insiders own 18.70% of the company’s stock.

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.