Insider Selling: OneSpaWorld (NASDAQ:OSW) Director Sells $182,770.00 in Stock

Key Points

• Director Andrew Heyer sold 7,000 OneSpaWorld shares for $182,770, reducing his stake by 2.32% to 295,145 shares.
• OneSpaWorld exceeded quarterly earnings and revenue estimates, reporting EPS of $0.34 and revenue of $276.53 million; revenue rose 7% year over year.
• The company raised its quarterly dividend from $0.05 to $0.0625 per share. Analysts have a “Moderate Buy” consensus and an average price target of $34.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) Director Andrew Heyer sold 7,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $26.11, for a total transaction of $182,770.00. Following the sale, the director owned 295,145 shares of the company's stock, valued at approximately $7,706,235.95. This represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OneSpaWorld Stock Performance

NASDAQ OSW traded up $1.25 during trading on Wednesday, reaching $31.29. The company's stock had a trading volume of 1,467,134 shares, compared to its average volume of 980,943. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.39 and a current ratio of 2.22. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 37.25 and a beta of 0.84. OneSpaWorld Holdings Limited has a twelve month low of $19.06 and a twelve month high of $31.67. The business's fifty day moving average price is $23.93 and its 200-day moving average price is $23.96.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. OneSpaWorld had a net margin of 8.26% and a return on equity of 18.93%. The business had revenue of $276.53 million during the quarter, compared to the consensus estimate of $272.34 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts anticipate that OneSpaWorld Holdings Limited will post 1.09 EPS for the current fiscal year.

OneSpaWorld Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be paid a $0.0625 dividend. This is a boost from OneSpaWorld's previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, November 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. OneSpaWorld's dividend payout ratio (DPR) is 23.81%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSW. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of OneSpaWorld by 80.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company's stock valued at $62,000 after purchasing an additional 1,235 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of OneSpaWorld by 5.3% during the 3rd quarter. Park Avenue Securities LLC now owns 11,357 shares of the company's stock worth $255,000 after purchasing an additional 567 shares in the last quarter. Signaturefd LLC raised its holdings in shares of OneSpaWorld by 87.2% in the third quarter. Signaturefd LLC now owns 1,247 shares of the company's stock worth $28,000 after acquiring an additional 581 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of OneSpaWorld by 840.6% in the third quarter. Sterling Capital Management LLC now owns 3,311 shares of the company's stock worth $74,000 after acquiring an additional 2,959 shares during the last quarter. Finally, Vest Financial LLC raised its holdings in shares of OneSpaWorld by 3.0% in the third quarter. Vest Financial LLC now owns 167,418 shares of the company's stock worth $3,765,000 after acquiring an additional 4,948 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of OneSpaWorld from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Jefferies Financial Group lifted their price objective on OneSpaWorld from $36.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, October 28th. Stifel Nicolaus boosted their target price on OneSpaWorld from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Weiss Ratings reissued a "buy (b)" rating on shares of OneSpaWorld in a research note on Thursday, October 29th. Finally, Truist Financial raised their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, OneSpaWorld presently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

About OneSpaWorld

OneSpaWorld Holdings Limited NASDAQ: OSW provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.

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