Pier Capital LLC Sells 178,775 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Pier Capital LLC lowered its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 25.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 529,712 shares of the company’s stock after selling 178,775 shares during the quarter. OneSpaWorld accounts for about 1.2% of Pier Capital LLC’s holdings, making the stock its 24th largest position. Pier Capital LLC owned 0.51% of OneSpaWorld worth $8,746,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP increased its stake in OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company’s stock valued at $66,000 after acquiring an additional 2,762 shares during the period. Point72 DIFC Ltd acquired a new position in shares of OneSpaWorld in the 3rd quarter worth approximately $81,000. Allspring Global Investments Holdings LLC lifted its position in shares of OneSpaWorld by 13,242.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock worth $174,000 after buying an additional 11,256 shares during the period. Morse Asset Management Inc bought a new stake in OneSpaWorld in the second quarter valued at $200,000. Finally, Principal Financial Group Inc. raised its stake in OneSpaWorld by 20.9% during the second quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after acquiring an additional 2,350 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insider Activity

In related news, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the sale, the director now directly owns 545,432 shares in the company, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen Lazarus sold 8,271 shares of OneSpaWorld stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total transaction of $138,539.25. Following the transaction, the chief financial officer now directly owns 726,920 shares in the company, valued at $12,175,910. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 319,810 shares of company stock valued at $5,644,816. 5.00% of the stock is currently owned by insiders.

OneSpaWorld Trading Down 0.7 %

OSW stock opened at $19.87 on Friday. The business has a fifty day moving average of $18.08 and a 200-day moving average of $16.49. The company has a market cap of $2.07 billion, a P/E ratio of 40.55 and a beta of 2.13. OneSpaWorld Holdings Limited has a twelve month low of $11.98 and a twelve month high of $20.26. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. OneSpaWorld’s payout ratio is presently 32.65%.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd.

OneSpaWorld Profile

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.