Morse Asset Management Inc Buys 1,050 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Morse Asset Management Inc boosted its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 8.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,050 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Morse Asset Management Inc’s holdings in OneSpaWorld were worth $232,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Emerald Advisers LLC boosted its holdings in shares of OneSpaWorld by 3.7% during the 3rd quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock worth $1,081,000 after buying an additional 2,310 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of OneSpaWorld by 20.9% during the 2nd quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after buying an additional 2,350 shares in the last quarter. Kings Path Partners LLC boosted its holdings in shares of OneSpaWorld by 3.2% during the 3rd quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock worth $1,274,000 after buying an additional 2,380 shares in the last quarter. Quarry LP boosted its holdings in shares of OneSpaWorld by 178.9% during the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after buying an additional 2,762 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of OneSpaWorld by 13.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,858 shares of the company’s stock worth $316,000 after buying an additional 2,860 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their target price on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday.

Insider Transactions at OneSpaWorld

In related news, CFO Stephen Lazarus sold 8,271 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total value of $138,539.25. Following the completion of the sale, the chief financial officer now directly owns 726,920 shares of the company’s stock, valued at approximately $12,175,910. This represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 545,432 shares of the company’s stock, valued at $10,188,669.76. The trade was a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 319,810 shares of company stock valued at $5,644,816 over the last ninety days. 5.00% of the stock is owned by company insiders.

OneSpaWorld Price Performance

Shares of NASDAQ:OSW opened at $20.10 on Thursday. 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 Holdings Limited has a twelve month low of $11.98 and a twelve month high of $20.17. The stock’s 50 day moving average is $17.88 and its 200-day moving average is $16.40. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 41.02 and a beta of 2.13.

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Wednesday, November 20th. OneSpaWorld’s payout ratio is 32.65%.

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.