OneSpaWorld (NASDAQ:OSW) Reaches New 52-Week High – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.69 and last traded at $19.69, with a volume of 58918 shares traded. The stock had previously closed at $19.39.

Analyst Upgrades and Downgrades

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

OneSpaWorld Price Performance

The stock has a market capitalization of $1.98 billion, a PE ratio of 39.39 and a beta of 2.13. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $17.62 and a 200 day moving average price of $16.25.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld’s dividend payout ratio (DPR) is currently 32.65%.

Insider Activity at OneSpaWorld

In related news, CFO Stephen Lazarus sold 170,339 shares of OneSpaWorld stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the transaction, the chief financial officer now owns 556,581 shares in the company, valued at approximately $9,411,784.71. The trade was a 23.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total value of $1,401,000.00. Following the completion of the sale, the director now owns 545,432 shares of the company’s stock, valued at $10,188,669.76. The trade was a 12.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 319,810 shares of company stock worth $5,644,816. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OSW. FMR LLC boosted its holdings in shares of OneSpaWorld by 54.0% during the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company’s stock valued at $68,311,000 after purchasing an additional 1,451,283 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in OneSpaWorld during the third quarter valued at approximately $9,267,000. Divisadero Street Capital Management LP bought a new position in OneSpaWorld during the second quarter valued at approximately $7,685,000. Wellington Management Group LLP increased its stake in OneSpaWorld by 21.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company’s stock worth $29,570,000 after acquiring an additional 316,207 shares during the last quarter. Finally, Algert Global LLC increased its stake in OneSpaWorld by 1,072.8% in the 3rd quarter. Algert Global LLC now owns 293,325 shares of the company’s stock worth $4,843,000 after acquiring an additional 268,315 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

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.