Moran Wealth Management LLC Purchases 9,096 Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW)

Moran Wealth Management LLC raised its position in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 34.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,219 shares of the company’s stock after acquiring an additional 9,096 shares during the quarter. Moran Wealth Management LLC’s holdings in OneSpaWorld were worth $581,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quarry LP grew its stake in OneSpaWorld by 178.9% during the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after buying an additional 2,762 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of OneSpaWorld by 13,242.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock valued at $174,000 after acquiring an additional 11,256 shares in the last quarter. ProShare Advisors LLC raised its position in shares of OneSpaWorld by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock valued at $198,000 after purchasing an additional 1,181 shares during the last quarter. Morse Asset Management Inc acquired a new stake in OneSpaWorld in the 2nd quarter worth approximately $200,000. Finally, Principal Financial Group Inc. grew its position in OneSpaWorld by 20.9% during the 2nd 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. 95.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Stephen Lazarus sold 170,339 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the sale, the chief financial officer now directly owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This represents a 23.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 545,432 shares of the company’s stock, valued at approximately $10,188,669.76. This trade represents a 12.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 319,810 shares of company stock valued at $5,644,816 in the last quarter. 5.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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 report on Thursday, August 1st.

OneSpaWorld Stock Up 1.5 %

NASDAQ:OSW opened at $19.39 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The company’s fifty day moving average price is $17.49 and its 200-day moving average price is $16.17. OneSpaWorld Holdings Limited has a 1-year low of $11.49 and a 1-year high of $19.61. The firm has a market capitalization of $2.02 billion, a P/E ratio of 39.57 and a beta of 2.13.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%. OneSpaWorld’s payout ratio is currently 32.65%.

OneSpaWorld 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.