Royce & Associates LP Reports 7.9% Stake in OneWater Marine
Ticker: ONEW · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1772921
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**Royce & Associates LP still holds a big chunk of OneWater Marine, 7.9% as of Dec 31, 2023.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended Schedule 13G/A on January 24, 2024, disclosing its ownership in OneWater Marine Inc. As of December 31, 2023, Royce & Associates, LP beneficially owned 1,222,620 shares of OneWater Marine's Class A Common Stock, representing 7.9% of the outstanding shares. This filing indicates a change in their previously reported ownership, which is important for investors as it shows a significant institutional holder's updated position in the company.
Why It Matters
This filing shows that a major institutional investor, Royce & Associates, LP, maintains a significant stake in OneWater Marine, which can signal confidence in the company's future to other investors.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a change in their reported ownership, which is generally not a high-risk event.
Analyst Insight
Investors should note that a major institutional investor, Royce & Associates, LP, maintains a substantial 7.9% stake in OneWater Marine Inc. as of December 31, 2023. This continued significant ownership could be interpreted as a vote of confidence, but further research into the company's fundamentals and Royce & Associates' investment thesis would be prudent.
Key Numbers
- 1,222,620 — Shares Beneficially Owned (Number of Class A Common Stock shares of OneWater Marine Inc. held by Royce & Associates, LP as of December 31, 2023.)
- 7.9% — Percentage of Class (The percentage of OneWater Marine Inc.'s Class A Common Stock beneficially owned by Royce & Associates, LP.)
- 68280L101 — CUSIP Number (The unique identification number for OneWater Marine Inc.'s Class A Common Stock.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- OneWater Marine Inc. (company) — the subject company whose stock is being reported
- New York (company) — place of organization for Royce & Associates, LP
- December 31, 2023 (date) — date of event requiring the filing
- January 24, 2024 (date) — date the filing was made
Forward-Looking Statements
- Royce & Associates, LP will continue to be a significant institutional holder of OneWater Marine Inc. stock. (Royce & Associates, LP) — high confidence, target: Q2 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 7) to a Schedule 13G, indicating a change in the beneficial ownership of OneWater Marine Inc.'s Class A Common Stock by Royce & Associates, LP, as required by the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, an investment firm with an IRS Identification No. of 52-2343049 and organized in New York.
How many shares of OneWater Marine Inc. does Royce & Associates, LP beneficially own?
As of December 31, 2023, Royce & Associates, LP beneficially owns 1,222,620 shares of OneWater Marine Inc.'s Class A Common Stock, with sole voting and sole dispositive power over these shares.
What percentage of OneWater Marine Inc.'s Class A Common Stock does Royce & Associates, LP own?
Royce & Associates, LP beneficially owns 7.9% of the Class A Common Stock of OneWater Marine Inc. as of the filing date.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding OneWater Marine Inc. (ONEW).