Royce & Associates LP Has $39.15 Million Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Royce & Associates LP boosted its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 9.7% in the third quarter, HoldingsChannel reports. The fund owned 1,637,378 shares of the company’s stock after buying an additional 144,926 shares during the quarter. Royce & Associates LP owned 0.10% of OneWater Marine worth $39,150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Private Management Group Inc. raised its stake in shares of OneWater Marine by 0.9% during the 3rd quarter. Private Management Group Inc. now owns 632,380 shares of the company’s stock worth $15,120,000 after purchasing an additional 5,916 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of OneWater Marine by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after purchasing an additional 11,227 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 24,364 shares in the last quarter. NBW Capital LLC raised its stake in shares of OneWater Marine by 1.6% during the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock worth $7,124,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of OneWater Marine by 1.1% during the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock worth $5,243,000 after purchasing an additional 2,124 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine Stock Down 10.4 %

Shares of ONEW stock opened at $21.23 on Friday. The stock’s 50 day simple moving average is $22.71 and its 200 day simple moving average is $24.58. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. OneWater Marine Inc. has a twelve month low of $20.00 and a twelve month high of $35.86. The company has a market capitalization of $340.95 million, a price-to-earnings ratio of -3.19 and a beta of 2.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. KeyCorp cut their price objective on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, OneWater Marine has an average rating of “Moderate Buy” and an average price target of $31.25.

Insider Activity at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 6,700 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $22.39 per share, with a total value of $150,013.00. Following the transaction, the chief executive officer now directly owns 620,217 shares in the company, valued at approximately $13,886,658.63. This represents a 1.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Anthony M. Aisquith purchased 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $21.25 per share, for a total transaction of $106,250.00. Following the completion of the transaction, the chief operating officer now owns 729,316 shares in the company, valued at approximately $15,497,965. This trade represents a 0.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 20,034 shares of company stock valued at $441,828. Corporate insiders own 18.70% of the company’s stock.

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.