OneSpaWorld (NASDAQ:OSW) Hits New 1-Year High – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.28 and last traded at $20.22, with a volume of 399307 shares traded. The stock had previously closed at $19.28.

Analyst Ratings Changes

Separately, Truist Financial increased their price objective on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Price Performance

The stock’s 50 day moving average price is $18.20 and its two-hundred day moving average price is $16.56. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 39.35 and a beta of 2.13. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. OneSpaWorld’s dividend payout ratio is presently 32.65%.

Insider Activity at OneSpaWorld

In related news, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the transaction, the director now owns 545,432 shares in the company, valued at approximately $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen Lazarus sold 170,339 shares of OneSpaWorld stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $16.91, for a total value 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. This represents a 23.43 % 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 owned by company insiders.

Institutional Trading of OneSpaWorld

Several institutional investors have recently made changes to their positions in OSW. Quarry LP raised its holdings in OneSpaWorld by 178.9% in the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock valued at $66,000 after buying an additional 2,762 shares during the period. Point72 DIFC Ltd acquired a new position in OneSpaWorld in the third quarter valued at approximately $81,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of OneSpaWorld by 13,242.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock valued at $174,000 after buying an additional 11,256 shares in the last quarter. Morse Asset Management Inc purchased a new stake in OneSpaWorld in the second quarter valued at $200,000. Finally, Principal Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 2,350 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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.