Insider Purchases Worth US$2.60m See Losses As OneWater Marine Market Value Drops To US$217m

Insiders who acquired US$2.60m worth of OneWater Marine Inc.'s (NASDAQ:ONEW) stock at an average price of US$15.09 in the past 12 months may be dismayed by the recent 12% price decline. Insiders buy with the expectation to see their investments rise in value over a period of time. However, recent losses have rendered their above investment worth US$2.28m which is not ideal.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At OneWater Marine

Over the last year, we can see that the biggest insider sale was by the Independent Director, Jeffrey Lamkin, for US$1.1m worth of shares, at about US$17.44 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$13.25). So it is hard to draw any strong conclusion from it. Jeffrey Lamkin was the only individual insider to sell over the last year.

Happily, we note that in the last year insiders paid US$2.6m for 172.01k shares. But they sold 62.70k shares for US$1.1m. Overall, OneWater Marine insiders were net buyers during the last year. The average buy price was around US$15.09. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for OneWater Marine

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insiders At OneWater Marine Have Sold Stock Recently

There was substantially more insider selling, than buying, of OneWater Marine shares over the last three months. In that time, Independent Director Jeffrey Lamkin dumped US$1.1m worth of shares. On the flip side, Founder & Executive Chairman of the Board Philip Singleton spent US$56k on purchasing shares. Since the selling really does outweigh the buying, we'd say that these transactions may suggest that some insiders feel the company has been fully valued in recent months.

Insider Ownership Of OneWater Marine

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. OneWater Marine insiders own about US$41m worth of shares. That equates to 19% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About OneWater Marine Insiders?

Unfortunately, there has been more insider selling of OneWater Marine stock, than buying, in the last three months. But we take heart from prior transactions. It's good to see insiders are shareholders. So we're not overly bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OneWater Marine. When we did our research, we found 2 warning signs for OneWater Marine (1 is a bit unpleasant!) that we believe deserve your full attention.

Of course OneWater Marine may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.