OneSpaWorld (NASDAQ:OSW) Hits New 12-Month High – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $19.14 and last traded at $18.56, with a volume of 57458 shares traded. The stock had previously closed at $18.08.

Analysts Set New Price Targets

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

OneSpaWorld Trading Up 2.1 %

The business’s 50-day simple moving average is $16.54 and its two-hundred day simple moving average is $15.64. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 36.90 and a beta of 2.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.49.

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 yield of 0.87%. OneSpaWorld’s dividend payout ratio is currently 32.65%.

Insider Activity at OneSpaWorld

In related news, CFO Stephen Lazarus sold 8,271 shares of OneSpaWorld stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $16.75, for a total transaction of $138,539.25. Following the sale, the chief financial officer now owns 726,920 shares of the company’s stock, valued at $12,175,910. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 244,810 shares of company stock worth $4,243,816. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of OneSpaWorld

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP increased its holdings 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 buying an additional 2,762 shares during the last quarter. Principal Financial Group Inc. bought a new position in OneSpaWorld during the first quarter worth $148,000. Allspring Global Investments Holdings LLC boosted its holdings in OneSpaWorld by 13,242.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock worth $174,000 after purchasing an additional 11,256 shares during the period. Morse Asset Management Inc bought a new stake in OneSpaWorld during the second quarter valued at $200,000. Finally, ProShare Advisors LLC raised its holdings in shares of OneSpaWorld by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock worth $198,000 after purchasing an additional 1,181 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Company 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.