Insider buy details
Auburn OWMH, LLLP - identified in regulatory filings as a member of a 10% ownership group in OneWater Marine Inc (NASDAQ: ONEW) - purchased a total of $307,501 of the company’s Class A common stock in two transactions documented on a Form 4.
On February 11, 2026, the entity acquired 6,345 shares at a weighted average price of $12.93 per share. The following day, on February 12, 2026, Auburn OWMH, LLLP added 18,008 shares at a weighted average price of $12.52. After these acquisitions, Auburn OWMH, LLLP directly holds 779,776 shares of OneWater Marine Inc.
Related ownership positions
Other related entities and individuals linked to Philip Austin Singleton Jr., the company’s Executive Chairman, maintain substantial positions in OneWater Marine. The Austin Singleton Irrevocable Trust owns 620,009 shares, the Philip Singleton Irrevocable Trust holds 345,678 shares, and Philip Austin Singleton Jr. directly owns 225,788 shares.
Recent financial results and strategic action
In its Q1 FY2026 report, OneWater Marine posted an EPS loss of $0.04, a result that was materially better than the consensus forecasted loss of $0.55 - a positive surprise quantified in the filing as 92.73%. Revenue for the quarter was $380.56 million, narrowly exceeding expectations of $380.32 million.
Concurrently, the company completed the disposition of its Ocean Bio-Chem unit for $50 million. The proceeds from that sale are planned to be applied to debt reduction, and management expects the transaction to yield approximately $3.5 million in annual interest expense savings. OneWater Marine has stated that these actions are intended to improve its balance sheet and that the company anticipates reducing net leverage to below 4.0x by the end of its fiscal year.
Context and implications
The recorded insider purchases by Auburn OWMH, LLLP increased that entity’s direct holding in OneWater Marine, while the company’s latest quarter delivered a smaller-than-expected loss and a slight revenue beat. The $50 million divestiture and planned debt paydown are presented by management as measures to lower interest costs and target a net leverage ratio under 4.0x by fiscal year-end.
These developments - insider buying, an EPS beat, and proceeds earmarked for debt reduction - are documented in the company filings and earnings release.