OneSpaWorld (NASDAQ:OSW) Sets New 52-Week High Following Dividend Announcement

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price reached a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as $18.63 and last traded at $18.06, with a volume of 12310 shares trading hands. The stock had previously closed at $17.45.

The newly announced dividend which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.91%. OneSpaWorld’s dividend payout ratio is currently 32.65%.

Analyst Ratings Changes

Separately, TD Cowen lifted their target price on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

OneSpaWorld Stock Performance

The firm’s fifty day simple moving average is $16.45 and its 200 day simple moving average is $15.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.49. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 35.73 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $224.89 million for the quarter, compared to analysts’ expectations of $220.61 million. OneSpaWorld had a net margin of 5.86% and a return on equity of 14.47%. During the same period in the previous year, the company posted $0.13 EPS. On average, sell-side analysts forecast that OneSpaWorld Holdings Limited will post 0.73 EPS for the current year.

Insider Activity

In related news, Director Andrew R. Heyer sold 6,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the sale, the director now directly owns 467,145 shares of the company’s stock, valued at approximately $6,806,302.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Andrew R. Heyer sold 6,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the transaction, the director now owns 467,145 shares in the company, valued at $6,806,302.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen Lazarus sold 170,339 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the sale, the chief financial officer now owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,904 shares of company stock worth $3,111,316. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneSpaWorld

A number of hedge funds have recently modified their holdings of OSW. Principal Financial Group Inc. boosted its holdings in OneSpaWorld by 144.2% in the third quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock worth $547,000 after purchasing an additional 19,565 shares in the last quarter. Emerald Advisers LLC boosted its position in OneSpaWorld by 3.7% during the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock worth $1,081,000 after purchasing an additional 2,310 shares during the period. Pinnacle Associates Ltd. boosted its position in OneSpaWorld by 3.6% during the third quarter. Pinnacle Associates Ltd. now owns 2,374,959 shares of the company’s stock worth $39,211,000 after purchasing an additional 82,618 shares during the period. Semanteon Capital Management LP grew its holdings in OneSpaWorld by 66.9% during the third quarter. Semanteon Capital Management LP now owns 65,080 shares of the company’s stock valued at $1,074,000 after purchasing an additional 26,084 shares during the last quarter. Finally, Creative Planning raised its position in shares of OneSpaWorld by 5.8% in the third quarter. Creative Planning now owns 74,409 shares of the company’s stock valued at $1,228,000 after purchasing an additional 4,071 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.