OneSpaWorld Holdings Limited Declares Quarterly Dividend of $0.04 (NASDAQ:OSW)

Key Points

• OneSpaWorld Holdings Limited has declared a quarterly dividend of $0.04 per share, set to be distributed on September 3rd to investors of record on August 20th, representing an annualized yield of 0.7%.
• The company exhibits a healthy payout ratio of 14.5%, indicating that its dividend is well covered by earnings, with expectations of earning $1.06 per share next year.
• Institutional investors own 95.98% of OneSpaWorld's stock, with several firms increasing their positions significantly in the latest quarter.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) announced a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Investors of record on Wednesday, August 20th will be given a dividend of 0.04 per share on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 20th.

OneSpaWorld has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect OneSpaWorld to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 15.1%.

OneSpaWorld Stock Performance

Shares of NASDAQ OSW traded down $0.11 during mid-day trading on Thursday, hitting $22.12. The company had a trading volume of 589,172 shares, compared to its average volume of 808,071. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.06. The business's 50-day simple moving average is $20.32 and its 200-day simple moving average is $19.26. OneSpaWorld has a 12 month low of $14.21 and a 12 month high of $23.17. The firm has a market cap of $2.27 billion, a P/E ratio of 34.56 and a beta of 1.41.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 14,189 shares of the 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 sale, the director directly owned 156,728 shares in the company, valued at approximately $3,032,686.80. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneSpaWorld

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ethic Inc. grew its position in shares of OneSpaWorld by 12.3% in the 2nd quarter. Ethic Inc. now owns 17,561 shares of the company's stock valued at $359,000 after acquiring an additional 1,926 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of OneSpaWorld in the 2nd quarter valued at about $663,000. Moran Wealth Management LLC grew its position in shares of OneSpaWorld by 1.5% in the 2nd quarter. Moran Wealth Management LLC now owns 37,045 shares of the company's stock valued at $755,000 after acquiring an additional 543 shares during the period. Vest Financial LLC grew its position in shares of OneSpaWorld by 24.9% in the 2nd quarter. Vest Financial LLC now owns 114,033 shares of the company's stock valued at $2,325,000 after acquiring an additional 22,746 shares during the period. Finally, Fenimore Asset Management Inc grew its position in shares of OneSpaWorld by 0.4% in the 2nd quarter. Fenimore Asset Management Inc now owns 935,555 shares of the company's stock valued at $19,076,000 after acquiring an additional 4,188 shares during the period. 95.98% of the stock is owned by institutional investors.

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.

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