Palisade Capital Management LP lessened its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,641,322 shares of the company's stock after selling 16,186 shares during the quarter. Palisade Capital Management LP owned approximately 1.57% of OneSpaWorld worth $27,558,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in OneSpaWorld by 6.9% during the 4th quarter. Principal Financial Group Inc. now owns 35,418 shares of the company's stock worth $705,000 after buying an additional 2,281 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of OneSpaWorld by 14.9% in the fourth quarter. Bank of New York Mellon Corp now owns 286,855 shares of the company's stock valued at $5,708,000 after acquiring an additional 37,133 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in OneSpaWorld by 2,395.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,165 shares of the company's stock worth $103,000 after purchasing an additional 4,958 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in OneSpaWorld by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 856,566 shares of the company's stock valued at $17,046,000 after purchasing an additional 3,620 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of OneSpaWorld by 24.9% during the 4th quarter. Victory Capital Management Inc. now owns 114,940 shares of the company's stock worth $2,287,000 after buying an additional 22,935 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.
OneSpaWorld Trading Up 1.4%
NASDAQ:OSW traded up $0.30 on Thursday, hitting $21.38. 328,683 shares of the stock were exchanged, compared to its average volume of 684,739. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. OneSpaWorld Holdings Limited has a fifty-two week low of $14.21 and a fifty-two week high of $23.01. The stock has a fifty day moving average of $19.04 and a 200-day moving average of $18.99. The stock has a market cap of $2.20 billion, a PE ratio of 27.03 and a beta of 1.41.
OneSpaWorld Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.75%. OneSpaWorld's payout ratio is currently 25.00%.
Insider Buying and Selling at OneSpaWorld
In other OneSpaWorld news, Director Walter Field Mclallen sold 14,189 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $19.35, for a total value of $274,557.15. Following the transaction, the director owned 156,728 shares in the company, valued at $3,032,686.80. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.00% of the company's stock.
Analyst Upgrades and Downgrades
OSW has been the subject of several research analyst reports. Truist Financial increased their price objective on OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Cowen restated a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Stifel Nicolaus boosted their price target on OneSpaWorld from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, TD Securities dropped their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $21.25.
View Our Latest Report on OneSpaWorld
OneSpaWorld Company Profile
(
Free Report)
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.
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